TM Lewin collars Cushman & Wakefield
Published: 28 September, 2016
Businesswear brand hires Cushman & Wakefield as asset manager and advisor
Cushman & Wakefield has won a competitive pitch to advise TM Lewin on its nationwide portfolio of 78 UK stores with responsibility for its future acquisitions, any potential disposals, delivering ratings advice as well as managing rent reviews and lease renewals.
The iconic brand was established in 1898 with a single retail unit in London’s Jermyn Street. It remained as a single shop until as recently as 1989 with the opening of its second unit in Lime Street in the heart of the City of London. Since then, the company – which now sells suits, shoes, accessories and womenswear – has seen rapid expansion with stores through the UK and Northern Ireland as well as eight concessions in House of Fraser outlets. Four years ago it opened its first overseas store in Australia.
Peter Mace, Cushman & Wakefield’s head of Central London retail, who headed up the successful bid team, said: “We’re delighted to have been instructed by such a well-known, premium brand as T.M. Lewin. The firm has undergone rapid expansion in recent years and intends to continue its upward trajectory. Cushman & Wakefield will be helping them throughout the process.”