Commercial property agents, Naylors, have launched a new retail agency department following a series of new instructions.
The firm, which already runs successful industrial, office, and investment agency departments say this will be a natural extension of its existing agency offering and falls in line with the business’ wider growth strategy to expand its service lines.
The newly assembled retail agency team will specialise in the sale, letting and acquisition of retail accommodation throughout the North East, acting on behalf of landlords, investors, developers and occupiers.
Angus White, managing director at Naylors said: “Following a major re-launch of the business in September we are looking at new ways of improving and diversifying our client services. We have appointed a number of new staff to assist in driving forward growth and following the appointment of a new surveyor, James Fletcher, who has previously worked in worked in retail agency and shopping centre management, we feel confident now is the right time to launch a retail department.”
Naylors has recently been appointed on a number of retail instructions in Gateshead and Northumberland and have already secured a letting on Front Street, Newbiggin by the Sea to expanding bakery and café, Jillys’ Homebake.
James Fletcher of Naylors commented: “The North East retail market is performing well and as a result we have received a series of new instructions. Within two weeks of putting the Newbiggin property on the market we agreed a deal on a seven year lease with Jillys’ Homebake. The letting forms part of the bakery’s expansion and will be their third retail site in addition to their existing premises in North Shields and Seaton Deleval.”
Mr Fletcher continued: “As many of the national & international retailers have retained agents it is our plan to primarily target local and private landlords. We will also be providing an acquisition service for regional retailers who have aspirations to expand and become a bigger part of the UK’s retail market. We are currently aware of a number of national and private investors where we also anticipate new instructions.”