Co-op appoints former Lidl property boss to head up growth
The Co-op has appointed former Lidl regional head of property Rachel Hargreaves as director of property, development, and estates.
Her position will focus on ensuring that Co-op is the go-to convenience operator for landowners, developers, and agents. Her work will focus on both freehold and leasehold sites for the retailer’s own operations, as well as locations for its growing franchise business.
The role will also involve directing and leading on new initiatives to maximise the Co-op’s existing property portfolio.
During her time at Lidl, Hargreaves’ role involved the implementation of its expansion strategy, including the delivery of a five-year plan of acquisitions, construction, and asset and estate management.
Rachel Hargreaves said: “I am thrilled to join Co-op at such a key time. Co-op is an iconic British household name that is marking its 180th anniversary, and it is clear that the importance of co-operation in communities across the UK could not be more relevant today. This is an exciting opportunity with Co-op focussed on delivering increased value for its member-owners, and well placed to target additional growth through its core business areas.”
Co-op’s group property director, Heather Thomas, added: “With our stores located at the heart of local community life, we are planning for the future with a focus on growing our business for our member-owners, and enhancing the value we deliver to them and their communities – whether that is acquiring new space or maximising the potential of our existing estate. Rachel brings a wealth of experience and joins us at an exciting time as we continue to put in place the building blocks for our strategic growth plans across our Co-op.”