Cushman & Wakefield has recruited the team behind Coady Supple, a leading independent retail investment advisor in the UK.
Robin Coady and Dermot Supple, who have advised on more than 500 shopping centre transactions in their careers, have joined Cushman & Wakefield as International Partners, with David Sadler joining as a Partner.
Since establishing Coady Supple in 2011, the team has advised on more than 40 shopping centre deals in the UK and Ireland worth a combined £2 billion. These include selling the Tiger and Britannica portfolios for £260m and £250m respectively, as well as advising Ballymore on the £105m sale of Old Spitalfields Market in the City of London, and Royal London Asset Management on its purchase of a £155m stake in Bluewater shopping centre in Kent.
The team joins Cushman & Wakefield’s UK Retail Capital Markets team alongside Patrick Knapman. Coady and Supple are the latest senior appointments to join Cushman & Wakefield’s UK Retail & Leisure team following the arrival last month of Peter Hutton as Head of Retail in Scotland and Duncan Gilliard joining as a Partner in the Central London Retail team.
Digby Flower, Chair UK & Ireland, Cushman & Wakefield, said:“Robin, Dermot and David are highly-experienced advisors who further enhance the specialist capital markets expertise we can provide to our clients. Their relationships and deal execution expertise complement our strengths in shopping centre leasing, development and placemaking and creates a very powerful combination.”
Dermot Supple said: “The retail market is undergoing rapid structural change. Clients require a holistic approach with an emphasis on repositioning and repurposing as well as access to innovative domestic and international capital. Cushman & Wakefield has the perfect platform to help clients navigate through change and take advantage of the opportunities that arise.”
Robin Coady said:“This is a natural evolution for us. It is an exciting time to join Cushman & Wakefield. The questions being asked by shopping centre owners are challenging and complex which demand a collaborative and client-focused approach. This culture is important to us and we look forward to providing clients with creative solutions.”
In 2018 Cushman & Wakefield acted on more than $6.9bn of retail transactions across EMEA, covering more than 21.5m sq ft. This included the largest single asset transaction in Europe last year – the sale of the Itis shopping centre in Helsinki, Finland, for approximately $595m.