GVA has been appointed by Newcore Capital Management to provide property management services for its 500,000 sq ft portfolio of office buildings, industrial units and petrol stations.
Comprising a total of 17 properties, Newcore’s portfolio is located throughout the UK and includes 44 Welbeck Street in Central London and a portfolio of petrol stations in southeast locations, including Heathrow and Wandsworth.
GVA is in the process of identifying a range of asset management initiatives to drive occupancy, value and tenant satisfaction across the portfolio.
The portfolio will be managed by the Midlands based team of GVA’s Property Management Consultancy (PMC) division.
Guy Thompson, GVA, said: “This is a key instruction for our property management team and we’re looking forward to getting started on this diverse portfolio.
“We have an established track record across a broad range of sectors, property types and portfolios throughout the UK. We will work closely with Newcore and its tenants to ensure a seamless and positive experience.”
GVA’s PMC team provides a wide range of property management services including service charge collection, administration and budgeting, occupier communications, and regular inspections.
The team also delivers a number of additional services such as facilities management, destination marketing, service charge consultancy and accountancy services to developers, occupiers and investors across the UK.
Newcore specialises in providing social infrastructure, storage and accommodation strategies, and managing capital in real estate on behalf of institutional, family office and private clients through funds and segregated accounts.
Harry Savory, Principal Director at Newcore Capital Management, said: “We’re pleased to be working alongside GVA, a long established and well respected industry expert which has excellent national and regional knowledge that will undoubtedly be a fantastic help with this portfolio.
“GVA’s track record was a key consideration throughout the selection process. Their team will be able to provide pro-active advice, and their impressive experience of managing properties of all shapes and sizes across the UK was a major factor in the appointment.
“By working alongside the team in the Midlands we’ll be able to both enhance our assets and deliver the best returns for our investors.”