Christie + Co helps independent retailer acquire Somerfield store
22 March 2010
Christie + Co, the specialist property agent and advisor, has
helped West Midlands-based retailer Bharat Amin become one of the
first independent retailers to be passed by the Monopolies and
Mergers Commission (MMC) for the acquisition of a Somerfield
Acting on behalf of Mr Amin, who currently operates five further
retail stores in the region, Christie + Co helped in the
acquisition of a 9,320sq ft Somerfield store in the Allesley Park
area of Coventry, for an undisclosed sum.
The store was one of the 144 outlets that the Monopolies and
Mergers Commission (MMC) had outlined that needed to be sold in
relation to the Co-operative Group’s purchase of the
Somerfield business for £1.57 billion, which was agreed in
With Christie + Co’s help, and with the support of
Nisa-Today’s, his preferred symbol group, Mr Amin was able to
satisfy the MMC that he had the market knowledge, capacity and
support to operate to a sufficient level to provide competition to
a site that the Co-operative Group would be retaining, less than a
mile from the targeted business.
Mr Amin’s company Jash Limited currently operates five
other stores, three in Birmingham, one in Stoke and one in Hemel
Hempstead. His units range from smaller convenience-style stores,
to a 5,000sq ft former Kwiksave unit. He has already refitted the
Coventry unit and reopened it under the Nisa Extra banner.
Mr Amin said: “I am thankful to Matthew Grace of Christie
+ Co, as he made this deal happen. I am thankful for the effort he
made for me and my bother Arun in acquiring this site.”
Matthew Grace, Associate Director at Christie + Co said:
“We are delighted to have helped Mr Amin through to a
successful conclusion in what was a new exercise for both of us.
The site has particular importance to him as it means that he has
the ability to purchase any other prospective units which may
require MMC clearance as well as further improving his covenant
For further information on this press release, please contact: Mark
Wingett at Christie + Co. Tel: 020 7227 0794.