Savills has been appointed as property manager for The Crown Estate’s regional portfolio, comprising dominant retail and leisure schemes outside of London valued at £2 bn (€2.63 bn).
Savills has been appointed as property manager for The Crown Estate’s regional portfolio, comprising dominant retail and leisure schemes outside of London valued at £2 bn (€2.63 bn).
The portfolio consists of 14 regional shopping parks, interests in three shopping centres and two leisure schemes in the UK, including Silverlink Shopping Park in Newcastle, Aintree Shopping Park near Liverpool, MK1 Shopping and Leisure Park in Milton Keynes, and CrownGate Shopping Centre in Worcester.
Savills has taken over from Cushman and Wakefield which continues to act for The Crown Estate as its valuers on the Regent Street Portfolio.
'Savills’ expertise in the sector will make a valuable contribution as we look to establish the portfolio as one of the best of its kind in the UK,' said Hannah Milne, head of The Crown Estate’s regional portfolio.
Savills already acts as property manager for The Crown Estate’s central London residential portfolio and on behalf of The Crown Estate’s partnership with TH Real Estate regarding Princesshay Shopping Centre in Exeter.
