The Co-operative Group

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The Co-operative Group is the UK’s largest mutual business, owned by almost six million consumers rather than private shareholders. It is the sixth biggest supermarket chain in the UK by market share and a leading convenience store operator. The group operates over 3,600 trading outlets, employs more than 70,000 people and has an annual turnover of £10.2 billion.

Retail Expertise

Services provided:

  • Disposal and management of non-trading assets
  • An area covering Central and Eastern regions
  • Marketing advice, viewings and negotiation
  • Preparation of executive board approval reports
  • Collection of rent and service charge
  • Management of repairs, service charges and debt-collection
  • Acquisitions for the group including pharmacy, funeral care and food

The Co-operative and Innes England

The Co-operative instructed Innes England in 2000 to manage the Central/Eastern-UK based portfolio of non-trading assets – that is properties no longer used by the company. The management includes dealing with a variety of landlord and tenant issues, including rent and service charge collection, debt collection, assessing and managing repairs, as well as sales and lettings. With a large ranging portfolio, we actively market properties and agree lettings which seek to meet the corporate objectives of our client.

Results

  • Property management contract retained since 2000
  • Disposal of Nottingham Co-operative department store to Henry Boot Developments
  • Disposal of 23,000 sq ft and 30,000 sq ft food stores to Morrisons
  • Development and letting advisors on former Co-operative department store on the high street, redeveloped and pre-let to Halifax BS, Holland & Barrett and Partners