We are delighted to announce, that today St Ives plc has acquired Fripp, Sanderman and Partners Limited, (FSP) a UK-based retail consultancy.
Established in 1976, FSP provides insight and consultancy services on retail property assets and investments across the UK, Ireland and Continental Europe, working with retailers, investors, shopping centre, retail park and factory outlet centre managers and owners, as well as local authorities.
The company has a strong client base, which includes Ares, Hammerson, Legal & General, Aviva Investors, M&G Real Estate, Bournemouth Borough Council and Fenwick and employs approximately 20 staff.
The acquisition represents a continuation of St Ives’ strategy to further enhance the range of specialist consultancy services available to its clients. FSP will operate as a subsidiary of St Ives within its Strategic Marketing segment, working closely with Pragma.
FSP will continue to be managed from its current location in Buckinghamshire by its existing management team, which includes John Fell, Ken Gunn and Jo Hewson.
You can find out more about FSP at www.fspretail.com.
Joining St Ives, a strong and diversified group, will not only ensure that FSP continues to offer the independent insight and advice that our clients rely upon but will also allow us to benefit from a wide range of synergies and depth of skills. The opportunity to work closely with Pragma is especially exciting and will enable FSP to continue to expand its present range of services and clients across Europe and beyond.
Jo Hewson, MD, FSP Retail
With its results-driven approach and experience working with retail property professionals and retailers, FSP is an excellent fit for the group, in line with our stated strategy of acquiring complementary, ambitious and growing strategic marketing businesses that share our common attributes and ethos.
Matt Armitage, CEO, St Ives Group