Aviva Investors has awarded Cushman & Wakefield the property management mandate for its Aviva Investors Property Trust (AIPT). The fund's portfolio includes a mix of shopping centres, high street retail, retail parks, industrial estates, business parks and leisure schemes throughout the UK.
Aviva Investors has awarded Cushman & Wakefield the property management mandate for its Aviva Investors Property Trust (AIPT). The fund's portfolio includes a mix of shopping centres, high street retail, retail parks, industrial estates, business parks and leisure schemes throughout the UK.
C&W said it won the instruction, following a competitive tender, for property management of the assets, including all treasury services and landlord and tenant relationship management.
The portfolio comprises 69 properties with a total of 539 tenancies and a rent roll of about £84 mln (EUR 94 mln) per annum. Assets include the Omni Leisure Centre, Edinburgh, 123 St Vincent Street, Glasgow, The Triangle Shopping Centre, Manchester, Guildhall Shopping Centre, Exeter, Broadway Plaza Leisure Scheme, Birmingham and Princes House, Piccadilly, London (home of BAFTA).
The properties are spread across Scotland, England and Wales and will be managed from Cushman & Wakefield’s Glasgow, Manchester, Birmingham and Central London offices.
