Poundstretcher select the team to deliver their portfolio expansion
20 December 2010
Poundstretcher has announced the appointment of an acquisition team to deliver their expansion programme. Ryden will cover Scotland and the North, APB Chartered Surveyors the Midlands and Lisney for Northern Ireland and Ireland, whilst Strutt & Parker has been selected to cover London and the Southern regions. Strutt & Parker will also manage and oversee the entire portfolio.
The expansion from 325 stores to 500 within 2 years is a dominant move for Poundstretcher. Alex Upson, Head of Property at Poundstretcher says: “We wanted to choose a team that would deliver superb retail expertise and exceptional regional knowledge. We believe this retail team can carry out our plans for growth and deliver solid results.”
Nick Young, Head of Retail Agency at Strutt & Parker says: “We are privileged to take on board the lead role especially with the opportunity to work alongside and integrate with regional retail experts, to deliver Poundstretcher’s requirements.”
John Conroy, Retail Partner at Ryden says: “Being appointed by Poundstretcher is a great triumph for us, and we are certain that we can maximise the brief to its full potential.”
APB Chartered Surveyors, based in Leicester, Partner Tim Shattock says: “Our extensive experience in the Midlands means Poundstretcher can maintain a strong presence and a guaranteed boost in sales.”
Lisney with offices in Dublin, Cork and Belfast, Associate Director, Nicky Finnieston says: “We are delighted to have been selected to work on such an exciting portfolio, and are positive we can provide the required results.”
