LONDON—A new retail real estate services firm, Time Retail Partners was established Monday. Based here, with offices in New York City, the firm is founded by UK industry veterans Rob Wingrave, Nigel Thompson, both formerly with Lunson Mitchenall; Bruce Nutman, formerly of Knight Frank and, in the United States. Andrea Abrams (née Bills) formerly of General Growth Properties and Lunson Mitchenall.
The advisory business will be guided by non-executive director Lisa Morgan—former CEO of GAME Group—and supported by a wider international network of strategic partners including Jorge Lizan at Lizan Retail Advisors covering Latin America, and TenRep in Scandinavia.
Further key staff appointments and strategic alliances across Europe are expected in the next 12 months as the company pursues an assertive growth strategy.
From the London office, Time Retail Partners has already been appointed to a number of property clients including CBREi, PMB Holdings, Pradera and Belfast Office Properties, providing retail leasing and investment advice for projects right across the UK. The business also already has secured important occupier mandates from a number of national and international retailers including H&M, Debenhams, Game, Jessops, Monsoon, and LA Fitness-LA X gyms.
From the New York City office headed by Abrams, Time Retail Partners focuses on North, Central and South America. The team there will work with retailers, landlords and investors from those markets entering the UK and Europe, as well as with UK and European retailers and investors entering the US and Latin America.
The US office also works on strategic merchandising assignments for landlord clients in the UK, Europe, North America and Latin America.
The Latin American market is accessed via an exclusive partnership with Lizan Retail Advisors. Headed by Latin America retail expert Jorge Lizan, LRA has offices in New York and Mexico City. Time Retail Partners and Lizan Retail Advisors are currently involved in assignments in Mexico, Dominican Republic and Puerto Rico and working on the expansion of several UK and European retail brands throughout Latin America.
Rob Wingrave, Managing Director of Time Retail Partners comments, “Today is an important first step on an exciting journey for Time Retail Partners and our clients; the time was right for a fresh challenge. When time is life's richest commodity, the company's name became obvious to us all – we are all extremely excited about the road ahead. ”
Bruce Nutman, director of Time Retail Partners, adds, “We will be offering 'best in class' advice, tailored perfectly for our clients whether they are a retailer, owner or investor. We believe that the fundamental key to providing this advice is a deep understanding of the retail business – and this extraordinary team has this in abundance. Our focus is to give balanced, honest and informed advice to our capital markets clients.”
Notes Andrea Abrams, director and principal of international, “It was important to acknowledge that the retail world had become well and truly global, yet firms were not providing an adequate service to satisfy the retail property sector's requirements. Hence we have formed an international advisory practice with immediate reach throughout UK, Europe and the Americas through our London and New York offices.”
Asserts Nigel Thompson, director, “This is a revolutionary time for the retail property industry, and the perfect time to launch the new practice. We will be a modern, reimagined business, recognizing that international commerce and technology are central to our client's success.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
