CBRE re-appointed in new M&G Real Estate property management contract
Global real estate advisor CBRE has been appointed to provide UK property management services for M&G Real Estate
The M&G Real Estate portfolio consists of 606 assets across office, mixed use, retail and industrial totalling over 67 million sq ft with an asset value of over £20bn. Under the terms of the contract which commences on 1 May 2021, CBRE will provide a suite of core management services, including facilities and accounting solutions, as well as some bespoke value add services.
Richard Davies, Head of Property Portfolio Management at M&G Real Estate said that a full market review and competitive tender process was completed and the instruction was awarded to CBRE.
David Fogarty, Executive Managing Director of CBRE Property Management UK commented:
“Having worked with M&G since 2011, we are thrilled to be continuing our partnership with them under a new contract, with a refreshed delivery model to drive their portfolio forward. CBRE will continue to enhance service delivery with the integration of technology and sustainability at the centre of all their activities, alongside a strong focus on providing an exceptional customer experience for all M&G Real Estate occupiers.”