CBRE, the global property advisor, has been appointed by leading UK property developer and investor, Development Securities PLC, to property manage and deliver facility management services to 21 assets within its investment portfolio.
The portfolio comprises assets across the UK with a strong retail component, predominantly food store anchored shopping centres. These include The Furlong Shopping Centre in Ringwood near Southampton, Swanley Shopping Centre in Kent, the Kingsland Shopping Centre in Thatcham and Atlantic Village in Bideford, Devon. In total the UK portfolio spans approximately 1.5 million sq ft. In total, CBRE now property manages 50 shopping centres in the UK, across EMEA this figure rises to more than 200.
Matthew Weiner, Executive Director at Development Securities, said:
“We look forward to working with CBRE to continue to enhance value across our diversified investment portfolio.”
David King, UK Chairman of Property and Asset Management at CBRE, commented:
“We are delighted to be selected by Development Securities to manage its investment portfolio and look forward to working with the team to deliver a first class service and maximise its value over the coming years.”