Barometer - property advice that gives you an advantage

Shoppers Drug Mart

Built on a foundation of professional expertise and personal service, Shoppers Drug Mart has been meeting Canadians' health care needs for over 40 years. What was once a small pharmacy in Toronto has grown into an organization of more than 1,132 stores from coast to coast. Shoppers is the leading player in Canada’s retail drugstore marketplace and is the country’s number-one provider of pharmacy products and services. It also owns and operates 66 Shoppers Home Health Care® stores, making it the largest Canadian retailer of home health care products and services.

The Challenge

In 2007 Savills Studley was tasked with a bold request from Shoppers Drug Mart to acquire prime retail development sites within several geographic markets in the GTA. Savills Studley worked confidentially and anonymously to solicit, secure and negotiate the best possible terms to buy these prime property sites. Extensive retail site selection knowledge and development expertise was required within multiple GTA markets. Savills Studley was well suited with the in-house knowledge and expertise to manage this requirement.

Savills Studley’s Response

Savills Studley completed detailed market studies within the selected geographic parameters and provided detailed property analyses of the market opportunities available. RF assisted Shoppers in selecting the most appropriate site locations for future development.

Once a short list of properties was developed, Savills Studley carefully negotiated agreements of purchase and sale while coordinating the necessary due diligence to satisfy Shoppers Drug Mart’s purchase requirements. This was accomplished within very tight project timelines. Savills Studley worked closely with Shoppers’ internal and external solicitors and project consultants to ensure that no stone was left unturned and agreements were successfully negotiated in a comprehensive, consistent and timely manner.

The Solution

Savills Studley was successful in negotiating multiple development site acquisitions in prime retail locations across the GTA that will serve Shoppers Drug Mart, their stakeholders and their customers very well for many years to come.

Related Services

 
 
 

Key contacts

Stan Krawitz

Stan Krawitz

Vice Chairman – Founder, Head of Canada

Savills Toronto

+1 416 480 0745 Ext. 3030

 

Ken Norris

Ken Norris

Senior Vice President, Branch Manager – Ontario Office

Savills Toronto

+1 416 480 0745 Ext. 3047