Costa Coffee, represented by Savills, has agreed deals for 25 new sites throughout the UK so far this year, despite the challenges caused by the Covid-19 pandemic.
These new sites will contribute to the ongoing expansion of the brand, with Costa Coffee on track to open over 60 new equity stores in the UK this year, despite the challenges caused by the Covid-19 pandemic, a testament to the strength of the brand and its commitment to the growth of the UK coffee market.
In addition, construction is about to begin or has already started on 14 new stores acquired by Savills for Costa prior to 2020 including locations such as Barnsley East Retail Park, Loaning Meadows Retail Park in Berwick-upon-Tweed and Morrisons’ supermarket car park in Newcastle-under-Lyme.
James Hamilton, Acquisition & Estates Director Costa UK & Ireland, commented: “We have been able to continue building our portfolio and opening new equity stores with a focus on Drive Thru, despite the challenges of the current pandemic.
'Working alongside Savills has been a fundamental factor in our successful expansion and continued growth strategy to ensure we continue serving our signature, handcrafted coffees to customers.”
Charlie Greenhalgh, out of town retail director at Savills, added, “Despite the challenges generated by Covid-19, Savills has continued to work alongside Costa Coffee in securing new stores in key retail destinations throughout the UK.
'These new sites further strengthen Costa’s growing portfolio of stores and demonstrates the strength of the business, which has continued to expand throughout the course of this turbulent year.”
Savills continues to work with Costa Coffee to acquire stores as the retailer expands its portfolio in the UK.