CBRE Group, Inc. (NYSE:CBG) has announced that it has acquired Michael Horwitz & Company, a London-based retail property advisor specialising in the luxury goods retail sector.
The move follows CBRE’s acquisition of the luxury retail property advisor Michael Peddar & Co in 2011, and further strengthens the company’s retail property advisory and transaction service offer for clients operating within the growing luxury goods and life style sector.
Michael Horwitz & Company was founded in 1996 and is led by Michael Horwitz. The company has a long-established client base of British and international aspirational and luxury retail brands, and has been particularly successful in advising French and Italian premium brands on their real estate strategies to enter and expand in the UK.
Michael Horwitz and his team will join CBRE’s UK retail team in London. They will operate alongside CBRE’s London retail experts including Eric Eastman, Kevin Farrow and Mark Burlton and with CBRE’s global retail team. Existing clients of Michael Horwitz & Company with requirements to develop and manage their real estate strategies in the UK and internationally, will now be able to leverage CBRE’s global platform and its comprehensive suite of market-leading real estate services.
Ciaran Bird, UK Managing Director at CBRE said: “Our strengthened team’s collective expertise and relationships with many of the world’s leading luxury brands, combined with our broader capability in global retail, provides a powerful advantage for clients expanding into the growing luxury goods and lifestyle sector in the UK and markets globally.”
Michael Horwitz said: “London continues to be a magnet for leading international retail brands and our clients have been and will continue to be, first-movers in acquiring prime locations here and in other major cities across the world. Becoming part of CBRE gives us access to its powerful international platform and services, and means we can now stay close to our long-standing clients and assist them with their international expansion plans and broader property needs wherever in the world they choose to operate.”