Press Release
CBRE to acquire leading UK retail and leisure real estate consultancy business, CWM
February 4, 2022
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Director
CBRE today announced an agreement to acquire CWM, a leading independent retail and leisure property consultancy in the United Kingdom.
Founded in 1992, CWM advises more than 60 leading retail brands in the UK, including Tommy Hilfiger, Hugo Boss, Pret A Manger and The Body Shop, as well as major London Estates, including Battersea Power Station, Covent Garden and Marylebone Village, and shopping centre and travel retail leasing work at Edinburgh St James, the O2, Borough Yards, Paddington Central, Broadgate, Waterloo and Kings Cross St Pancras.
Its services include strategic advice to retailers and landlords, high street agency, shopping centre leasing, retail lease management and retail professional services. It also has specialist teams focused on restaurants, leisure, outlet and transport hubs. Their expertise will significantly strengthen CBRE’s retail and leisure real estate capabilities across the UK.
Closing of the transaction will take place following completion of the staff consultancy process in accordance with Transfer of Undertakings (Protection of Employment) ‘TUPE’ regulations.
Upon closing, the full CWM team will operate as part of CBRE’s UK Retail business, trading under the CBRE brand and operating from CBRE’s newly refurbished UK headquarters at Henrietta House, W1. Scott Murdoch, Managing Partner of CWM, will be appointed Chairman of UK Retail.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.co.uk.