Co-op appoints new property, development and estates director

Co-op has appointed Rachel Hargreaves as its new director of property, development and estates in a bid to boost its strategic growth plans.

Joining Co-op from Lidl GB, Hargreaves’ position involves a focus on ensuring Co-op is at the “forefront of landowners, developers and agents minds as the go-to convenience operator for new retail floor space”.

She will work with both freehold or leasehold sites for Co-op’s own operations, or locations for its growing franchise business.

The role also includes directing and leading on new initiatives to maximise the potential of the retailer’s existing portfolio of properties.

Hargreaves will report into Co-op’s group property director, Heather Thomas.

As regional head of property at Lidl GB, her role involved the implementation of its expansion strategy, including the appraising, budgeting, planning and coordination of the delivery of a five year plan of acquisitions, construction, asset and estate management.

Hargreaves said: “I am thrilled to join Co-op at such a key time. Co-op is an iconic British household name that is marking its 180th anniversary, and it is clear that the importance of cooperation in communities across the UK could not be more relevant today.

“This is an exciting opportunity with Co-op focussed on delivering increased value for its member-owners, and well placed to target additional growth through its core business areas.”

Thomas added: “With our stores located at the heart of local community life, we are planning for the future with a focus on growing our business for our member-owners, and enhancing the value we deliver to them and their communities – whether that is acquiring new space or maximising the potential of our existing estate.

“Rachel brings a wealth of experience and joins us at an exciting time as we continue to put in place the building blocks for our strategic growth plans across our Co-op.”