New real estate advisory company to focus on out of town market

Mark Powell

A new real-estate advisory firm, XPROP, with offices in Leeds and London has been launched this week.

It has been established by the partners and associates of CWM Out-of-Town and will focus exclusively on the out of town sector. Its Leeds office is at Fountain House, South Parade.

The company’s ten-strong team of partners and associates will offer advice to owners and operators of out-of-town retail space as well as providing consultancy relating to emerging alternative uses such as logistics, leisure, roadside, self-storage, senior living and residential development.

The team at XPROP is responsible for asset managing over 140 retail warehouse schemes on behalf of a range of institutional clients, in addition to advising on the occupational needs of many established operators in the arena.

Investment Partner at XPROP, Mark Powell, said: “This is a challenging yet exciting time for out-of-town but we continue to strongly believe in the potential of this versatile asset class and have adapted to the changing needs of clients with a dynamic new multi-skilled consultancy.

“Our CWM Out-of-Town heritage is something we are all extremely proud of but the time is right for a fresh approach as we’re increasingly required to extend our capabilities beyond pure retail uses and into applicable alternative uses for the evolving out-of-town sector.”

“Shirin Elghanayan, Senior Partner at CWM, added: “We are very sad to see the OOT team separate off after all these years but, as with most businesses, we are all evolving and adapting to a new era.

“We wish them all well in this new venture having shared many fun times together over the years.”

Agency Partner at XPROP, Mark Thompson, said: “The out-of-town sector is experiencing its most rapid rate of change in history – and XPROP is strategically and uniquely positioned to reflect the new market conditions.

“In addition to providing multi-disciplinary services to both owners and occupiers, our collective experience extends to advising on alternative uses and repurposing options.”

Click here to sign up to receive our new South West business news...
Close