While many well known-brands are closing stores across the UK, changing the face of the High Street, retail specialists Johnson Fellows can see a silver lining.
“There is no doubt that it is tough on the High Street,” says Chris Gaskell. “Clearly it is, but certain retailers are still acquisitive and it is because it is tough on the High Street that they are so active.”
Johnson Fellows have been fortunate because it has a solid base of clients who are very active. Clients such as Games Workshop are keeping the Birmingham-based chartered surveyors busy with relocations, while Heron Foods are looking to expand with the acquisition of 30 new stores across the Midlands. Johnson Fellows also act on behalf of Jessops who are looking to relocate under-performing stores into better trading positions while there are good opportunities out there.
Chris added: “Acquisitions and rent negotiations are easier than they were three years ago. It is clearly a retailer’s market at the moment and so long as you don’t try to abuse the situation you will get a good deal.”
Johnson Fellows’ clients are being advised on acquisitions, disposals and relocations as they adapt to the changing retail landscape. Despite what the commercial property sector doom and gloom merchants may say about the retail market, the future looks good for both Johnson Fellows and many of its clients.
