Workman has been appointed by to provide day-to-day property services across Custodian Property Income REIT’s portfolio of 151 assets, as reported by Property Week.
The properties, which span the length and breadth of the UK, are diverse in size and sector, including industrial, retail, and offices, as well as mixed-use assets. Notable assets include: Lochside Way, Edinburgh; Lancaster House, Birmingham; Bluecoat House, Bath; and Abbey Sands, Torquay.
Workman’s appointment, which follows a competitive pitch process, comes after Custodian Property Income REIT’s strategic decision to improve the efficiency and cost effectiveness of the day-to-day servicing of its properties by consolidating the process under one provider from five.
The portfolio will be overseen by Zakir Mangera, Partner at Workman, and supported by the firm’s teams in Glasgow, Manchester, Birmingham, Bristol, and London.
Zakir Mangera, Partner at Workman, said:
“Our property management experts are very much looking forward to working with Custodian Capital’s asset management teams across the Custodian Property Income REIT portfolio. Thanks to our nationwide presence, the consolidated portfolio oversight that Workman can deliver chimes with the strategic asset and portfolio management plans set out by Custodian.”
Richard Shepherd-Cross MRICS, Managing Director of Custodian Capital, Investment Manager of Custodian Property Income REIT, said:
“We look forward to working with Workman’s team of skilled property management experts who will assist us in achieving our overriding objective of ensuring we fully optimise the income and value of our portfolio while making sure our occupiers enjoy an exemplar experience in our properties.”
This article originally appeared in Property Week.
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