Agent CBRE has acquired Michael Horwitz & Company, a London-based retail property advisor specialising in the luxury goods retail sector.
The move follows CBRE’s acquisition of the luxury retail property advisor Michael Peddar & Co in 2011, further strengthening the company’s retail property advisory and transaction service offer.
Michael Horwitz & Company was founded in 1996 and is led by Michael Horwitz. The company has a long-established client base of British and international luxury retail brands, and has been particularly successful in advising French and Italian premium brands on their real estate strategies to enter and expand in the UK.
Michael Horwitz and his team will join CBRE’s UK retail team in London. They will operate alongside CBRE’s London retail experts including Eric Eastman, Kevin Farrow and Mark Burlton and with CBRE’s global retail team.
Ciaran Bird, UK managing director at CBRE, said, 'Our strengthened team’s collective expertise and relationships with many of the world’s leading luxury brands, combined with our broader capability in global retail, provides a powerful advantage for clients expanding into the growing luxury goods and lifestyle sector in the UK and markets globally.'
'London continues to be a magnet for leading international retail brands and our clients have been and will continue to be, first-movers in acquiring prime locations here and in other major cities across the world. Becoming part of CBRE gives us access to its powerful international platform and services,' added Michael Horwitz.