Costa and Colliers brew up estates management partnership
Costa Coffee has appointed Colliers as estates management partner for its UK portfolio.
The five-year agreement will see Colliers provide support across Costa Coffee’s estate of more than 1,600 sites. Under the new partnership, Colliers will provide a range of services including property management, lease administration, data analytics, finance, technology, professional advisory, and agency support.
Founded in London over 50 years ago, Costa Coffee continues to expand its footprint both in the UK and globally. Colliers will now look to ensure the brand’s property strategy evolves in line with its growth plans.
Simon Armitage, head of UK enterprise client operations at Colliers, said: “We are delighted to be working with Costa Coffee as they continue to grow their presence across the UK. It’s a well-known and well-loved brand and supporting a portfolio of this scale brings exciting opportunities. Our focus will be on consistency, responsiveness and clarity, ensuring Costa Coffee has the support it needs to deliver its property strategy.”
Nick Ridley, property and store development director at Costa Coffee, added: ”Costa Coffee has an exciting pipeline of growth ahead as we continue to expand our presence across the UK. Our property strategy plays a vital role in helping us bring great coffee experiences to more customers, in more places. We’re delighted to be working with Colliers as we take the next step in developing and supporting our estate.”