Cushman & Wakefield has been awarded a mandate to value two portfolios with a combined worth of £1.2 bn (€1.6 bn) on behalf of Royal London Asset Management, the UK’s largest mutual life and pensions company.
Cushman & Wakefield has been awarded a mandate to value two portfolios with a combined worth of £1.2 bn (€1.6 bn) on behalf of Royal London Asset Management, the UK’s largest mutual life and pensions company.
The portfolios comprise approximately 100 assets located throughout the UK, including retail, office and industrial properties.
David Mills, who joined Cushman & Wakefield as head of portfolio valuation in April this year from BNP Paribas Real Estate, said: 'This three-year appointment is a great achievement amid some stiff competition and testament to the strength of our wider valuation & advisory business, which we will continue to grow.'
The UK valuation & advisory team has 75 staff and currently holds 60 regular portfolio valuation mandates, comprising 2,000 properties with a total value of over £50 bn. Other clients include BP Pension Fund, Henderson Global Investors and CBRE Global Investors.
