Costa Coffee has entered into a five-year agreement with Colliers, which will provide dedicated support across Costa Coffee’s equity estates of more than 1,600 sites as its estate management partner in the UK.
Under the new agreement, Colliers will provide a wide range of services including property management, lease administration, data analytics, finance, technology, professional advisory and agency support.
The news comes following media reports of Coca Cola, mulling the sale of the Costa Coffee brand.
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 UK&I 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.”
