LaSalle appoints real estate specialist to manage national assets comprising 100 mixed-use properties totalling 11 million sq ft
On behalf of LaSalle Investment Management, international real estate advisor Savills has been appointed on The British Coal Pension Funds, whose portfolio mandate includes property and facilities management.
The mixed-use portfolio, which totals 100 properties across c.11 million sq ft (1 million sq m), comprises all asset classes including shopping centres, retail parks, office parks, central London offices, industrial estates and PRS (private rented sector).
Andrew Holden, Director in the Property Management team at Savills, said: “We are delighted to be appointed property manager by LaSalle Investment Management on this diverse fund. The nationwide and mixed use nature of the portfolio plays to our regional strength and sector specialist approach across retail and business space assets. We very much look forward to working with LaSalle in the years ahead.”
Rebecca Gates, Head of Asset Management at LaSalle Investment Management, added: “Our decision to appoint Savills as the property manager on one of our key long term client mandates was a natural extension to the work they already do for us across a number of PRS assets and reflects their proven track record in managing portfolios with complex properties that sit across asset classes and different sectors.”