Mapletree Investments, a Singapore-headquartered real estate development, investment and capital management company, has appointed Knight Frank as property manager of three office buildings in the United Kingdom (UK).
The offices are iQ Building in Aberdeen, One Glass Wharf in Bristol, and 3 Hardman Street in Manchester. The portfolio comprises over 737,500 square feet of net lettable area and houses businesses from a variety of industries including banking, legal service and utility firms.
Rory Carson, Vice President of Asset Management at Mapletree said: “We are pleased that this appointment in the UK allows us to build on an already strong relationship with Knight Frank in Singapore and Australia. We look forward to working with Knight Frank and leveraging their effective and efficient administration processes to drive better value for our occupiers and enhance the quality of service they receive.”
Tim Robinson, Partner and Head of Property Asset Management at Knight Frank commented: “We are absolutely delighted to have been appointed on this high profile mandate, we very much look forward to working with Mapletree in handling these assets. Mandates of this size and profile are always a result of team effort. Our appointment demonstrates our strength in depth, and collaborative and entrepreneurial culture.”
As at 31 March 2017, Mapletree owns and manages over S$2.5 billion worth of assets in the UK, including the 79-hectare Green Park in Reading, Thames Valley and the Diageo Headquarters in West London in addition to assets in Aberdeen, Bristol and Manchester, as well as 26 student accommodation assets.