Colliers Retail and Leisure teams react to PM's road map out of lockdown

06 01 21 The Government must now reveal its business rates strategy for retail and hospitality hero

Comments from Dan Simms, David Fox and Ross Kirton


Dan Simms, Co-Head of Retail Agency: “I think it is a profoundly depressing, over cautious and unwelcome announcement for the retail and hospitality sector. We have a world leading vaccine programme that is now rapidly changing the situation, yet the Government seems to be unable to even attempt to balance health, societal and economic considerations and shows no real understanding of the scale of the emergency for the sector. The dates announced will be simply too late for many businesses that have been able to trade for only small periods over the last year and the Government support merely papers over a few cracks.”

David Fox, Co-Head of Retail Agency: “Whilst it is understandable that the Government remains cautious and reluctant to commit to re-opening the retail and hospitality sectors, without a continuation of support and clarity on business rates and the arrears moratorium, there will inevitably be further failures. It is incumbent for the Government to bridge the uncertainty of the immediate weeks, providing the time and hope that businesses need to prepare for a return to normal trading and benefit from the predicted consumer spending spree.”

Ross Kirton, Head of UK Leisure Agency: “We know that those in good physical health are likely to recover well from COVID-19 and whilst later than hoped, it is good news that there is a clear path for the reopening of the fitness sector, with part of their services being able to reopen during step two of the Prime Minister’s roadmap. 

"As a nation we have embraced home workouts and our parks are busier than ever as we’re enjoying the physical and mental health benefits of exercise. The forthcoming reopening will bring additional benefits to local economies with the simultaneous reopening of non-essential retail and gyms creating additional footfall in local town centres. 

“However it is bitterly disappointing that group exercise and pay per class studio gyms, which are extremely popular in London in particular, are unable to reopen until step three of the plan.  These class-led businesses are able to control the flow of people into a studio through class bookings and provide COVID-secure facilities, with social distancing and additional cleaning routines so I am at a loss why their reopening has been deferred to step three.”

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Dan Simms

Co-Head of Retail Agency

London - West End

With over 28 years experience in the retail market, Dan is the Co-Head of the UK Retail Agency team at Colliers.

Dan & the team provide specialist advice on leasing Shopping Centre, High Street & Out of Town property and facilitating large scale repurposing projects all across the UK for leading landlords including Landsec, Hermes, Legal & General, Axa, Aviva, Aberdeen Standard, Invesco and NewRiver.

Dan & the team also advise a large number of leading and emerging retailers, including Dixons Carphone, Oliver Bonas, Fraser Hart Jewellers, Sky, iSmash, Superdrug, Savers, Costa & Boux Avenue on their acquisition and disposal programmes and store portfolio strategies.

The Colliers UK Retail Agency team is one of the most active and successful agency teams in the UK retail market and advises on over 800 retail & leisure deals every year right across the UK.

These deals are well balanced between advising occupiers and landlords – this ensures we have an excellent perspective on both sides of the market.

Dan has regularly commented on the retail market in national media including BBC News, Newsnight, LBC, BBC Radio 4, The FT, The Evening Standard, The Guardian, The Times, TalkRadio and most property media channels. 

 

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David Fox

Co-Head of Retail Agency

London - West End

 I am a former partner at BCL and have specialised in retail property in the Midlands ,North ,Scotland and Northern Ireland throughout my career.
Within my role as Co Head of UK Retail Agency  I have responsibility for our retail coverage in Birmingham,Leeds ,Manchester ,Glasgow and Edinburgh , and continue to build relationships with new and existing clients. 

Over my career I have advised a wide number of retail occupiers in their proprty strategies including DixonsCarphone, Boux Avenue , Hotel Chocolat , Costa and  Oliver Bonas.

I have advised a  range of investors , institutions and property companies in respect of their assets across the country , including shopping centres, high streets , transport hubs and retail parks. 

In an ever changing market  my experience has extended into asset management roles in respect of compromised shopping centres on behalf of recovery specialists and  lenders. The repurposing and regeneration of town centres and shopping centres  is an area of particular interest and  the focus of my team and colleagues.  as our industry rises to the challenge     set by change.

 

 

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Ross Kirton

Head of UK Leisure Agency

London - West End

Ross has specialised in the leisure, entertainment and F&B sectors for over 15 years.   He has helped shape some of the UK’s most recognised leisure brands, the largest landlords and the sector’s most exciting newcomers.

If you are looking to expand or lease space in this broad and diverse sector coving Restaurants and Bars through to Gyms, Cinemas and Casinos he would be happy to help. 

He is a Chartered Surveyor and past Chairman of the Restaurant Property Advisors Society. 

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