CBRE acquires Michael Peddar & Company
Published: 12 September, 2011
Deal aims to strengthen CBRE's retail offer through focus on luxury sector and strength in tenant representation
CB Richard Ellis Group has acquired Michael Peddar & Company, a UK-based retail property specialist, focusing on the luxury goods and lifestyle sectors.
Established in 1984, Michael Peddar & Company is a leading UK property advisor for retail brands. The company has worked with major retailers from the United States, Italy, France and Japan, among others, advising on their launch and expansion strategies in Central London and other major UK centres.
Peddar introduced Gap to theUK market in 1985 and continues to advise the retailer on its European strategy. The company also has long-term relationships with some of the world’s top international retail brands, including Prada, DKNY, LK Bennett, Space NK, Mulberry, Michael Kors, and Armani, as well as advising Chanel, Mappin & Webb, Watches of Switzerland, Cath Kidston, Reiss, and Links of London.
Mike Strong, CBRE’s chairman & CEO – EMEA, said: “The purchase of Michael Peddar & Company fits with the clear strategy of expanding our retail platform with quality acquisitions that enhance our already market leading position.”
