LaSalle Investment Management has appointed real estate advisor Savills to carry out property and facilities management for the estate of the British Coal Pension Fund.
The portfolio of the British Coal Pension Fund includes over 100 properties comprising shopping centres, office parks, retail parks, industrial estates and London offices.
“Our decision to appoint Savills as the property manager on one of our key long-term client mandates was a natural extension to the work they already do for us across a number of PRS assets and reflects their proven track record in managing portfolios with complex properties that sit across asset classes and different sectors,” commented Rebecca Gates, head of asset management at LaSalle Investment Management.
Andrew Holden, director in the property management team at Savills, added: “The nationwide and mixed-use nature of the portfolio plays to our regional strength and sector specialist approach across retail and business space assets.”
Savills plc is a global real estate provider with over 700 offices and associates throughout the US, UK and Europe, Asia Pacific, Africa and Middle East.
