Commercial property services firm Colliers International has been appointed to manage office premises at London’s Berkeley Square Estate and Piccadilly Place, Manchester.
After a competitive tender process, Astrea Asset Management has engaged Colliers to take on the mandate for the central London Berkeley Square Estate portfolio, which encompasses several historic landmark properties in Mayfair and Knightsbridge. Colliers’ London team will officially take over from Avison Young in the New Year.
Stephanie Handley, head of property management, ESG and placemaking at Astrea, said: “As custodians of this significant London estate, we were looking for a team aligned with our thinking that will deliver the innovation that our occupiers are currently seeking for their workplaces, as we continue to reposition the portfolio. Colliers’ match this ambition and will deliver a tailored service at asset level and adapt quickly to meet changing occupier demands.”
Mark Jarrett, Colliers’ head of property management, added: “We pride ourselves on our ability to understand the unique challenges facing landlords today, from the necessity to reach Net Zero through to floor plate flexibility and future-proofing.”
In Manchester, Longmead Capital has appointed a Colliers’ team as sole property managers of Piccadilly Place, a 320,000-square-foot office scheme.
The move follows the acquisition of the development by Longmead Capital and Revcap from Ares management in July. Comprising Three and Four Piccadilly Place, the space is occupied by tenants including Barclays Bank, Arup, the NHS, and flexible office space provider Orega.
Julia Ruddock, director in Colliers’ property management team, said: “It is fantastic to have been appointed on such a significant and exciting part of the Manchester landscape and we are looking forward to working alongside the Longmead team to create a real sense of community while adding value for our clients.”
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