Real estate group Colliers has further added to its retail team today by appointing Laurence Edwards to its Retail Out of Town team.
The new recruit has joined from property specialists Knight Frank, where he was Head of Out of Town Retail, but he brings with him a total of 29 years’ experience having worked in similar roles at Markham Vaughan Gillingham and Chesterton.
His responsibilities at Colliers will focus on out-of-town retail development and agency, and he will work under Head of Retail Out of Town Colin Dunkerley.
Other significant retail appointments made by Colliers recently include Stuart La Frenais as Head of Retail, Rob Fay as Head of Central London Retail and Nicholas Round as Head of Shopping Centre Leasing.
Dunkerley commented: “We are delighted to welcome Laurence to our team.
“His extensive experience particularly in the development sector will enable us to further strengthen our offer in this sector and enhance our services to clients.”
While high streets have seen shop vacancies rise in recent years, out-of-town retail in the UK has blossomed, with consumers increasingly shopping at these sites due to convenience.
Speaking in February, Head of Retail Consultancy at CB Richard Ellis Jonathan De Mello told Retail Gazette that out-of-town rental prices and improvements in facilities are driving businesses to the outskirts of communities, rather than the heart of town centres.
“Out-of-town retail is more convenient for people to get to and retailers make more money from it, it works for the retailer it works for the shopper - it’s a sign of the times,” he argued.
“Local town centre accommodation can’t provide for the modern retailer’s needs.”