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UK Grocery Real Estate Review 2022

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2021 was a pivotal year for the UK Grocery sector and the real estate which supports it.


With two of the ‘Big Four’ operators being acquired by private equity and the sector as a whole still benefitting from the shopping habits borne out of successive lockdowns, it was a time of seismic change.

The pandemic has provided graphic evidence of the essential nature of the grocery business and investors flocked to buy assets that were increasingly viewed more as core infrastructure rather than simply real estate. Following ‘The Year of the Big Spenders’, this report looks at what lies ahead for the sector as society edges back to pre-pandemic normality.

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UK Grocery Real Estate Review 2022

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Related Experts

Greg Styles

Head of Retail Development and Advisory

Retail Development

Leeds

Greg is a retail property and development specialist with over 30 years’ experience, who advises clients across the UK on all aspects of agency, development and investment. He provides advice on food stores, shopping centres, out of town retail, large site sales and acquisitions, and all forms of retail, residential and mixed use development.  His expertise includes site agency, master planning, scheme design, development appraisals, compulsory purchase, leasing, development agreements and the sale and funding of projects. 

Greg is one of the UK's leading experts in supermarket property and development. He is retained by Sainsbury's to advise on their supermarket acquisition programme,  he advises the property team at ALDI on projects across the UK, and he acts for Morrisons on the disposal of large, complex surplus sites and stores.  Greg also specialises in the promotion and sale of large development opportunties for the full range of uses.

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Matthew Hobbs

Head of Retail - Lease Advisory

Retail - Lease Advisory

London - West End

Having worked in the Lease Advisory side for over 30 years, Matthew is a specialist in high value retail / leisure rent reviews, lease renewals and lease negotiations.

This includes luxury shops, bars, restaurants and gyms in London along with other large retail stores (particularly supermarkets / department stores) and flagship shops throughout the UK for both landlords and tenants. Occupational advice and due diligence on supermarket investment acquisitions is a particular expertise and he is regularly approached by investors and brokers alike to provide specialist advice in this area. 

His team of five full time professional surveyors and two consultants deal with retail / leisure rent reviews, lease renewals and regears for landlords and occupiers in all of the major towns and cities in the UK. He also works closely with the agency and investment teams in asset management initiatives, lease restructuring and investment acquisitions and sales.

He is on the RICS panel of independent experts and is regularly called upon to act as third party on high value rent reviews in Central London and throughout the country.

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Paddy Gamble

Director

Retail Strategy & Analytics

London - West End

Paddy is Director and co-lead of the Retail Strategy & Analytics team, with 15+ years’ experience in data analytics and retail strategy. 

Prior to Colliers, Paddy co-led the Accenture retail strategy Analytics pillar and had overall responsibility for  the Javelin Group Commercial Spaces service line, delivering data led retail property projects focused on new development potential, acquisition appraisals and asset management of existing schemes. 

 Involved in the locations and customer analytics sector since 2002, Paddy has worked on a wide range of projects covering retailer location strategy, due diligence and shopping centre strategy and acquisition appraisals. He graduated from Leeds Metropolitan University with a degree in Business Computing.
 

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Paul Matthews

Director

Retail Strategy & Analytics

London - West End

Paul is Director and co-lead of the Retail Strategy & Analytics practice, with 13 years’ experience working with occupiers to grow and optimize their store/branch portfolios. Prior to Colliers, Paul was Global Lead for the ‘Shape of Chain’ real estate analytics proposition at Accenture/Javelin Group.

He advises clients globally on store location and performance optimisation strategies, spanning the occupier spectrum from fashion, grocery and homewares through to F&B, leisure and retail banking (and beyond).

Paul’s experience includes sales forecasting for a US grocer, UK entry and roll-out strategy for an international F&B operator, branch rationalisation strategy for a UK bank, and estate conslidation strategy for a Telco merger.

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Becky Hance

Director

Retail Capital Markets

London - West End

Becky has specialised in the retail investment market for 12 years covering all sub-sectors of retail including Supermarkets, High Street shops, Retail Warehousing and Shopping Centres. She advises a range of clients including UK Funds and Institutions, Property Companies and Private UK and Overseas Investors. 

Becky joined Colliers International in 2014 following its acquisition of Briant Champion Long. Since then she has advised on over £800m of transactions. 

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