Our talented consultants bring their experience to creating successful solutions for a wide range of clients in the retail sector, providing strategic guidance and multi-disciplinary services to help future-proof their investments.
We use our three complementary service streams: project monitoring, building consultancy and restructuring to help companies make informed decisions. We can advise on projects of all sizes, from high street shops such as clothing, sports, charity and phone shops to city and neighbourhood convenience stores, large-scale retail parks and multi-million-pound shopping centres.
We understand how the UK’s retail sector has faced a prolonged period of upheaval amid challenging economic conditions and changing consumer trends, such as increased online shopping. But with the sector’s economic output reaching £110.4 billion in 2023 – an annual increase of 2.2% – there is much to be positive about.
We prioritise giving national and regional clients in this sector valuable peace of mind and confidence in their investments, ensuring each project is cost-effective and completed to agreed timescales.
Project monitoring in the retail sector
Identifying and controlling the risks involved in a retail development is a key part of our project monitoring services that support a range of clients, including banks and development funders. These services feature:
- Property valuations for insurance purposes
- Project coordination and monitoring
- Budget control and financial analysis
- Technical solution advice
Building consultancy services for the retail sector
Whether an asset management company or investment fund manager is looking to invest in a chain of high street stores or an out-of-town retail park, Naismiths’ building consultancy specialists take the lead from start to finish.
Regardless of a scheme’s scope or size, we create tailored strategies through our project management and building surveying skills and liaise closely with all stakeholders.
Our in-depth knowledge of the retail landscape gives us scope to head off any potential issues – and respond to market shifts, such as the search for flexible, short-term leases for pop-up shops, partial conversions of retail properties into flats or offices or refocusing town centre premises into leisure-based businesses or flexible work spaces.
Our experienced, sector-specific chartered building surveyors, quantity surveyors and project managers also:
- Appraise the risks involved in the current condition and future maintenance costs of the building
- Draw together a network of skilled consultants to report on risks, including environmental experts
- Understand the fit-out process for retail premises and the importance of durable materials, acoustics and climate control
- Create a feasibility study if a property needs to be subdivided
Building surveying in the retail sector
Our tailored services include:
- Technical due diligence (TDD)
- Reinstatement cost assessments
- Planned preventative maintenance
- Design and contract management
- Mechanical and electrical engineering integration
Restructuring and advisory for the retail industry
We provide the retail sector with advisory and business restructuring services, offering expert insights into this economically important market. Our restructuring and advisory solutions can support a range of businesses with these services:
- Insolvency and turnaround
- Technical due diligence (new and existing, M&A, MBO, company health checks)
- Distressed developments, assets and portfolios (re-finance, build out, LPA receiver, enhanced monitoring)
