Acting for a diverse range of retailers all over the UK
What we do
The High Street agency team acts for a diverse range of retailer clients across the UK and Ireland; in locations as diverse as Oban, Scotland to Old Bond Street, London; from flagship acquisitions on Regent Street to lease regears in rural Wales.
Our team is split into regionally focused teams and are able to interact with our specialist shopping centre leasing, valuation, capital markets, lease consultancy and international teams and we are able to cover the market at both micro and macro levels and track all market trends as well as occupational activity. This ensures the best possible terms can be negotiated once all influencing factors have been appraised. Also, with our retailer client base covering all markets from food store and convenience goods’ all the way through to luxury goods’ we are abreast of all developments in the consumer market.
In this note, we set out the key issues which Brexit is already raising for retailers. Migration controls and currency movements may mean workers are less ready to work in the UK retail industry, which may increase time and cost. Currency devaluation will also generate more general cost inflation, though not everyone is a loser from these effects, and cost increases may spur yet more innovation in an already dynamic sector. The good news is that this year isn’t all about Brexit. The bad news is there are other more pressing concerns in 2017, with the rating revaluation and apprenticeship levy among the factors which retailers will have to grapple with. As always in retail, the winners will be the most agile and forward-thinking.