Kwik Fit has appointed Rapleys to advise on its search for new sites across the UK.
Kwik Fit operates more than 630 centres of between 5,000 sq ft and 10,000 sq ft. The company is understood to be focused mainly on pre-let opportunities, but standing assets will also be considered.
Rapleys is looking at opportunities for Kwik Fit in core demand locations, increasing its presence where there is a strong catchment in addition to anchoring new developments in neighbourhoods, out-of-town retail catchments and wider commercial and mixed-use schemes.
Paul Dempsey, group property director at European Tyre Enterprise Limited, owner of the Kwik Fit brand, said: “A lot has changed in the past few years when it comes to accepting other uses into residential-led neighbourhoods. There is a growing understanding that broader development is essential and can add value to houses. Vehicle technology is rapidly changing, including the growing adoption of electric vehicles and the wider use of advanced driver assistance systems.
“There is a greater need for car maintenance in crucial areas from ADAS calibration to wheel alignment, meaning having a Kwik Fit nearby is a positive thing. Local access is particularly important for drivers with disabilities to maintain their independence and we support over one million Motability customers across the country.
“Our business has developed significantly over this time, for example we have adapted to the growth of EVs, ensuring we have a nationwide capability to service them and that our staff are trained in the latest technology. With an ever greater focus on sustainability, we have begun a programme of putting roof mounted solar panels on our properties where possible and making capex investment in the sites when it comes to heating and lighting.
“Our investments also include next gen technology such as ADAS calibration for newer cars, service area soundproofing and other state of the art customer facilities. As such, we believe our centres bring considerable value to both an individual property and the local community.”
Daniel Cook, head of automotive and roadside for Rapleys, added: “Kwik Fit is firmly in the market for new leases across the country. Landlords in this area, looking to develop new state-of-the art developments and/or repurpose existing assets should look to Kwik Fit as a core tenant with high expectations and a robust and deliverable growth plan. As the sector’s market leader, it offers a lot of opportunity which is good news for the sector, as well as landlords.
“It is also looking to move fast with an agile set up that facilitates quick decision making and mobilisation. Having adapted its business to incorporate the growing EV demand in addition to welcoming new technology and innovation, Kwik Fit will continue to thrive and it needs a bigger estate to support this.”
