Lunson Mitchenall, the UK’s leading niche retail and leisure agent, has been instructed by Laser Clinics Australia (LCA), the world’s largest provider of non-invasive aesthetic treatments, to acquire new outlets throughout the UK.
Lunson Mitchenall will focus on high footfall retail locations such as shopping centres, prime high streets and transport interchanges. The team are looking for sites between 1,000 and 1,500 sq ft for the clinics.
Established in Sydney in 2008, LCA currently operate over 150 aesthetic clinics across Australia, New Zealand, and the UK. Each clinic offers customers treatments such as laser hair removal, skin treatments, cosmetic injectables and body sculpting. The business is looking to expand its UK presence, bringing with it its track record of delivering over 15 million treatments worldwide and state of the art technology. In the UK, LCA will operate under the ‘Laser Clinics United Kingdom’ brand. LCA is a portfolio company of global private equity firm, KKR.
Matt Maynard, Director, Lunson Mitchenall commented: “It’s a really interesting time for the beauty and leisure industry, especially as it remains resilient in the face of economic uncertainty. In a time when consumers are looking for more affordable luxuries, and as less invasive plastic surgeries are being considered more mainstream, these types of uses are looking for more prominent locations. We have worked with a number of leisure brands which has allowed us to understand the sector, and we look forward to using this expertise to work with Laser Clinic Australia to expand its international presence.”
Lunson Mitchenall’s occupier representation team acts for a wide range of retail and catering clients including Monsoon Accessorize, Tempur, Watches of Switzerland, Burger King and Zizzi in various roles ranging from strategic advice, acquisitions, disposals and lease advisory.
Henry Foster, Director at Laser Clinics United Kingdom, commented: “We are excited to be working with Lunson Mitchenall on our UK expansion. We value their breadth of experience and look forward to developing a long-term partnership.”