News 15th November 2022 Property Management

Workman secures additional property management mandates from abrdn. The mandates include the Property Authorised Investment Fund (PAIF) with 50 assets and a Segregated Mandate comprising 26 assets. EG reports a total of 444 tenancies across both portfolios.

These funds consist of diverse nationwide mixed portfolios encompassing various commercial sectors. Notable assets include Bligh’s Meadow Shopping Centre in Sevenoaks, Central Square South in Newcastle, and Hobart House in Edinburgh. (both pictured below).

Workman’s abrdn portfolio has expanded to 295 assets across 11 different funds, since the initial appointment in 2012.

Gareth Soar, Partner at Workman, said: “Having worked with abrdn for over 10 years, we’re delighted to continue to grow the managed portfolio.With the nationwide management structure we already have in place for abrdn, we can seamlessly integrate these assets. We can promptly concentrate on delivering abrdn’s priorities. These are asset ESG performance, occupier engagement and thorough financial reporting.”

Simon Moscow, Real Estate Chief Operating Officer at abrdn, said: We are delighted to appoint Workman to manage these significant funds. Having worked together for many years, we are confident that Workman will deliver to the highest standards on our specific management requirements across these portfolios.”

Management services commenced in phases throughout 2022 and concluded in November.