CBRE Investment Management signs Artisan bakery, GAIL’s at Ashley Centre, Epsom
April 25, 2023
CBRE Investment Management (CBRE IM) are pleased to be welcoming artisanal bakery concept and café, GAIL’s, to the Ashley Centre, Epsom’s premier shopping destination. Located on East Square, the 5,958 sq ft space is set to open in Summer 2023.
Spanning three floors, GAIL’s will be in a prime location at the entrance to East Square and provide customers with its full offering: signature high-quality pastries, cakes, freshly baked bread, and hand-roasted specialty grade house blend coffee, all sourced from trusted suppliers to guarantee the best quality ingredients.
Louisa Butters, Head of Retail Asset Management UK at CBRE IM commented on the signing: “At the Ashley Centre, we have a precise long-term strategy that we are successfully implementing to further strengthen the destination and have selected brands that will reflect our vision, with GAIL’s’ values and brand ethos coinciding with the type of community we are fostering within the centre. This signing marks the destination as a premium location for quality offerings, providing customers with quality baked goods and pastries in a characterful and inviting space, and we look forward to GAIL’s joining our F&B offer.”
This news follows the details of a £5 million refurbishment plan for the destination. The revitalisation of the scheme is set to complete towards the end of the year with a new and modern design. The investment plans will uplift the Ashley Centre, creating a positive change and driving new brands to the destination for the community to enjoy.
GCW and Cushman and Wakefield represent Ashley Centre. CBRE acted on behalf of GAIL’s.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $149.3 billion in assets under management* as of December 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
In the 1990s, Gail Mejia brought the best bakers in town together to bake for London’s top chefs and restaurants. The first GAIL’s bakery opened in London’s Hampstead High Street in 2005. They currently have bakeries in neighbourhoods in and around London, Oxford, Brighton and beyond. GAIL’s bake fresh, handmade bread, pastries and cakes every day, served with carefully sourced house blend specialist coffee. They take great pleasure in using the best ingredients for food and drink, using seasonal ingredients from trusted suppliers.