RETAIL PROPERTY ASSET MANAGEMENT - Cushman & Wakefield/media/inline-content/uk/services/1458… ·...
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2014 RETAIL PROPERTY ASSET MANAGEMENT
Transcript of RETAIL PROPERTY ASSET MANAGEMENT - Cushman & Wakefield/media/inline-content/uk/services/1458… ·...
2014
RETAIL PROPERTY ASSET MANAGEMENT
REGENT STREET DIRECT
THE CROWN ESTATE
C&W are appointed by The Crown Estate as a total outsourced team to manage all property and facilities management of this 3.5m sq ft world renowned mixed use estate and landmark shopping district since 2003. In addition, C&W are responsible for all professional L&T work. Regent Street Direct is the brand adopted by C&W to represent the estate and includes a site based team of 35 personnel.
RETAIL PROPERTY ASSET MANAGEMENT
“We have been extremely pleased with the way Cushman & Wakefield have approached the AIPT mandate. They have been proactive and highly responsive, recognising their role as service providers to both tenants as well as us as landlords. C&W have also demonstrated how an agent can coordinate themselves effectively across a national network and deliver best in class service and in many ways lead others on their engagement levels, particularly on sustainability”.
PHILIP NELL HEAD OF EUROPEAN RETAIL FUNDS – REAL ESTATE, AVIVA INVESTORS
OLD SPITALFIELDS MARKET, LONDON
ASHKENAZY ACQUISITION/TRIBECA HOLDINGS.
C&W have been appointed as the managing agents of Old Spitalfields Market since April 2014. The historic site consists of the a broad range of uses including the market itself as well as retail, restaurants and residential.
C&W have implemented a wide range of modernisation initiatives in the first three months of appointment including updating the service charge to be RICS Code compliant and retendering of the legacy cleaning and security contracts.
C&W have a comprehensive relationship with the client and are also responsible for the Lettings and Landlord & Tenant advisory. property for sale.
Cushman & Wakefield is one of the UK’s leading retail property & asset management businesses.
Looking after over 100 retail assets, the team manage a number of shopping centres, retail and shopping parks and, of course, the internationally famous Regent Street. Our clients range from institutional investors to private high net worth families and we include The Crown Estate Aviva, Standard Life, Tesco Pension Trustees and many others as our partners and and clients. We have offices in London, Birmingham, Manchester and Glasgow and cover the whole of the UK.
RETAIL PROPERTY ASSET MANAGEMENT
GUILDHALL, EXETER
AVIVA
C&W have been appointed by Aviva since April 2010. The centre lies within a designated area of archaeological importance within the city and includes a Grade II* listed building. C&W resolved all legacy issues from the previous managing agent, created a revised service charge apportionment without retailer dispute together with a retender of soft services in 2012 resulting in savings of 10% to the service charge. C&W is currently assisting the Landlord with a proposed £7m reconfiguration and refurbishment scheme.
ST GEORGE’S SHOPPING CENTRE, PRESTON
AVIVA
C&W were appointed by Aviva to property manage this 270,000sqft shopping centre in March 2010. C&W were responsible for implementing the rebranding of the asset from The Mall back to the original St George’s name on purchase. Since commencement of the management of this scheme we have also recruited a new centre manager, this process took a month to complete and was a crucial post to fill.
FIVE WAYS, BIRMINGHAM
AVIVA
C&W have been appointed to manage this mixed use asset on behalf of Aviva Investors, the asset consists of one hundred and ten residential units, a twenty four screen cinema and fifteen bars and restaurants. C&W are currently working through a major maintenance programme, to re-energise the leasing and to increase retail sales via the new anchor tenant – ODEON Cinema.
OMNI LEISURE, EDINBURGH
AVIVA
C&W have managed the 292,000 sq ft multi let leisure scheme in central Edinburgh since March 2010. The development includes a Vue cinema, 5* Autograph Collection hotel, 1000 space car park and 11 bar and restaurant units. C&W has conducted a formal mediation with the tenants to resolve an historic service charge legacy issue from the previous agent and to replace the chiller plant due to a lack of planned maintenance. We have also assisted in the due diligence to agree a letting to QParks resulting in a guaranteed car park income together with a £400,000 car park refurbishment.
THE CROWNGATE SHOPPING CENTRE, WORCESTER
THE CROWN ESTATE
Crowngate Shopping Centre has been managed by C&W since 2012. The two separate malls, Chapel Walk and Friary Walk, are home to 71 retailers providing an offer of retail and restaurants that spans from convenience to destination of choice.
C&W are provide full support to the client in their asset management aims for the long term success of Crowngate. Modernisation has been key with initiatives including World Host training for all staff, a dedicated marketing manager to lead on multi-platform communications, and local partnerships have been secured with Worcester University to promote retail entrepreneurs.
MK1 SHOPPING PARK, MILTON KEYNES
THE CROWN ESTATE
C&W were appointed in 2012 as managing agents of MK1 which consists of 117,500 sq ft. The newly developed fashion park is anchored by Marks & Spencer and Primark. With C&W managing this asset, the Crown Estate has achieved the BREEAM rating of excellent at MK1. MK Leisure is being developed on the site adjacent to the park which is a 70,580 sq ft scheme including cinema and 7 restaurants.
Carl ForemanLondonHead of UK Retail Property & Asset [email protected]: +44 (0) 20 7152 5043Mobile: +44 (0) 7739 512 135
RETAIL PROPERTY ASSET MANAGEMENT CONTACTS
Richard DaviesLondonHead of EMEA Retail Property & Asset [email protected]: +44 (0) 20 7152 5115Mobile: +44 (0) 7831 153399
Polly Plunket-Checkemian LondonHead of UK Property & Asset [email protected]: +44 (0) 20 7152 5831Mobile: +44 (0) 7793 808 831
Guy Robinson [email protected]: +44 (0) 20 7152 5578Mobile: +44 (0) 77 9380 8 578
Victoria Goodwin BirminghamAssociate [email protected] Tel: +44 (0) 121 232 4903 Mobile: +44 (0) 78 2431 1491
David [email protected]: +44 (0) 14 1223 8783Mobile: +44 (0) 7887 795 505
Emma Morris [email protected]: +44 (0)161 837 3588 Mobile: +44 (0)7793 808 588
Philip [email protected]: +44 (0) 12 1232 4928Mobile: +44 (0) 7826 946 296
Fiona [email protected]: +44 (0) 16 1837 3595 Mobile: +44 (0) 7793 808 595
George BarkerLondonAssistant [email protected]: +44 (0) 20 7152 5287Mobile: +44 (0) 74 1585 8737
Chris Church [email protected] Tel: +44 (0) 20 7152 5365 Mobile: +44 (0) 77 9380 8365
Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917 it has 243 offices in 60 countries, and more than 14,000 employees. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and valuation.
This report has been prepared solely for information purposes. It does not purport to be a complete description of the markets or developments contained in this material. The information on which this report is based has been obtained from sources we believe to be reliable, but we have not independently verified such information, and we do not guarantee that the information is accurate or complete. Published by Corporate Communications.
©2014 Cushman & Wakefield LLP. All rights reserved.
Cushman & Wakefield LLP43-45 Portman SquareLondon W1A 3BG
www.cushmanwakefield.co.uk
@CushWakeRtailUK
RETAIL PROPERTY ASSET MANAGEMENT
