Savills has been appointed to manage The Crown Estate’s £2bn regional property portfolio.
The estate includes 14 regional shopping parks, interests in three shopping centres and two leisure schemes.
These include Silverlink Shopping Park in Newcastle, Aintree Shopping Park near Liverpool, MK1 Shopping and Leisure Park in Milton Keynes, the Coliseum Shopping Park in Ellesmere Port and CrownGate Shopping Centre in Worcester.
Savills’ role includes working with The Crown Estate’s asset management team to manage day-to-day relationships with occupiers and deliver property and facilities management services.
The firm replaces Cushman & Wakefield, which continues to act for The Crown as valuer on the Regent Street Portfolio.
Hannah Milne, head of The Crown Estate’s regional portfolio, said: “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. I’d like to thank Cushman & Wakefield for its efforts over the past few years.”
Savills already acts as property manager for The Crown Estate’s central London residential portfolio and also acts on behalf of The Crown Estate in its partnership with TH Real Estate regarding Princesshay Shopping Centre in Exeter.
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