LaSalle Investment Management has appointed Savills to manage the national portfolio of The British Coal Pension Funds.
The mandate includes property and facilities management of the 100 properties and 11m sq ft in the mixed use portfolio.
The portfolio comprises all asset classes including shopping centres, retail parks, office parks, central London offices, industrial estates and PRS.
Andrew Holden, director in the property management team at Savills, said: “The nationwide and mixed use nature of the portfolio plays to our regional strength and sector specialist approach across retail and business space assets. We very much look forward to working with LaSalle in the years ahead.”
Rebecca Gates, head of asset management at LaSalle Investment Management, added: “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.”