TRANSPORT FOR LONDON APPOINTS CUSHMAN & WAKEFIELD FOR INNOVATIVE RETAIL STRATEGY AND DEVELOPMENT ADVICE
24 Jul, 2012, London
Cushman & Wakefield, the world's largest privately-held commercial real estate services firm, has been awarded a contract to advise TfL on its strategy to improve retail provision across the whole network as part of a wider property review to improve customer experience and the quality of its property assets.
Cushman & Wakefield will assist TfL on the formation and implementation of a retail strategy to optimize the mix of outlets at individual stations whilst seeking to identify the appropriate mix of tenants including the balance of international brands and independents across the entire network of the 270 underground stations together with associated holdings including bus stations and river piers.
Cushman & Wakefield will also advise on the production of a blueprint for the future commercial development of existing and new London underground stations. Initially this work will focus on a number of stations including Baker Street, Embankment, Old Street and South Kensington.
William Jackson, Partner in Cushman & Wakefield's London Markets Team said: "This is an unrivalled opportunity to help TfL revolutionise the retail experience on London's transport system as well as improving the interface between the stations and the immediate surrounding public environment. Putting London and TfL at the forefront of retail innovation - combining traditional retail and e-commerce - and improving Londoners? daily travel and retail experience is an exciting challenge for all those involved."