The Birmingham office of global property consultants Cushman & Wakefield has completed three acquisitions for Card Factory in the West Midlands. The three are units of 1,500 sq ft at Brownhills, Kingstanding and Washwood Heath. Two others are in solicitors’ hands.
Card Factory is a High Street giant, and already has 708 UK outlets, including many in the Midlands.
Rob Alston, retail partner at Cushman & Wakefield in Birmingham, said: “Cushman & Wakefield has started to help Card Factory in its acquisition programme in the Midlands.
“They already have branches in many major locations but have started to acquire units in smaller urban locations.”
Cushman & Wakefield is also helping London-based retail financial provider Oakam expand into the Midlands.
The company has 15 branches in Greater London and asked Cushman & Wakefield to help it find sites across the Midlands and in the North West. The company has now opened five new branches in the Midlands, in Birmingham, Derby, Dudley, Leicester and West Bromwich, and a sixth is set to open in Coventry.
All of the units are around 1,000 sq ft units, with an average rental of £40,000 per annum. It is hoped to open a further 15 new stores next year.
Rob Alston said: “This acquisition programme follows on from others we are working on, for companies such as phone company EE and shoe chain Deichmann.”
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