Colliers has added shopping centre capital markets specialist David Erwin as a consultant to bolster its retail team.
With four decades of experience in the sub-sector, Erwin will work with Colliers’ retail capital market team, headed by Mark Girling.
Colliers said Erwin’s experience and contact base will complement its 50-strong retail agency and lease advisory team headed by Dan Simms and David Fox, which works closely with shopping centre landlords and occupiers across the UK.
Erwin was the CEO of capital markets at Cushman & Wakefield until 2015. Since then he has held several consultancy roles working with Delancey, Cube Real Estate and CBRE. He will provide strategic and transactional advice in shopping centre and high street investment markets.
Girling said in a statement: “At a time when shopping centres and hight street retail are attracting investor attention, with high yields and stabilising occupational fundamentals, it makes sense to offer clients a more rounded offering in this space. Colliers has a strong, longstanding reputation in retail agency and asset management, working in tandem with best-in-class land and development, rating, property management and project and building consultancy service lines. The bolstering of our capital markets service completes a very strong advisory group for the property ownership lifecycle of our clients. David’s sub-sector specialist experience through several market cycles will provide an invaluable advisory resource to clients, well beyond pure brokerage.”
Erwin added: “The appeal of working with a strong global brand in an established and ambitious existing retail team feels like a great opportunity to return to the agency market at a moment when, the retail sector is showing signs of stability across the board and exciting growth in areas.
“I am looking forward to working with both existing and new clients to provide a fresh perspective on both the investment and occupational markets as the sector repositions its influence both for regeneration and existing use across the investment portfolios of both global and local capital.”