Strategic Portfolio Optimization for Rona Canada
RONA Inc. engaged Cushman & Wakefield Retail Services to undertake a lease and sale disposition of 24 big box locations across Canada along with acquiring new smaller leased locations called Proximity stores.
The roll-out of the new formats for RONA was designed to provide its consumers with convenient neighborhood locations that offer a higher level of service and product lines targeted to the local market.
Our team assisted the retailer in finding strategic and competitively priced locations for expansion sites, and provided professional real estate guidance to streamline the site-selection process. Also, as part of a strategic portfolio optimization plan, RONA is in the process of subleasing a number of quality big box locations, from 15,000 to 120,000 square feet.