Workman LLP, the UK’s largest independent commercial property management and building consultancy firm, has successfully secured a further mandate to deliver property management services for LGIM Real Assets on the Annuity & LPI Fund – Government Offices and Service Charge Portfolio.
Due to the nature of the Fund, there are a number of significant leases to major occupiers including the UK Government, where close, proactive engagement with those occupiers will be crucial. The Fund also includes a number of significant development projects at differing stages of completion which will require management support through the pre- and post-completion phases leading into occupation.
Flagship assets within the Fund include: Rolls Building, 110 Fetter Lane, London, 5 Endeavour Square, International Quarter, Stratford, 14 Westfield Avenue, London and India Buildings, Liverpool.
Richard Hart, Partner at Workman, commented: “Having now worked with LGIM for 18 months, we are delighted to add this mandate to our existing LGIM portfolio. The long income nature of the fund, consisting of some major corporate customers, means we have a vital role to play in cementing relationships with occupiers, particularly in collaborating to deliver significant progress on various ESG initiatives.”
Derek Gilby, fund manager Legal & General commented: “We are delighted to appoint Workman to manage this portion of our prestigious Annuity Portfolio and LPI Fund. Having already worked successfully with colleagues on other LGIM funds, I look forward to working with Richard’s team.”
Workman commenced providing property management services from 28th April 2021.
