Crowd UK announces contract wins

By James Buckley - Tuesday, October 17, 2017 14:06

Manchester based property asset advisory firm, Crowd UK, has won two new major contracts to provide asset management for a 15-strong, £50m property portfolio in Manchester; and placemaking advice for a major regeneration scheme in the North East.

Milburngate, Durham

Crowd has been appointed by the development consortium behind the regeneration of Durham City’s Riverside (Arlington Real Estate, Carillion and Richardson Capital LLP) to provide an advisory role on the asset management and placemaking strategy for the £160 million mixed use riverside Milburngate scheme.

As part of its remit, the team at Crowd - supported by Placemaking Consultant, Fran Burgess - will be devising a programme of meanwhile use activity whilst the site is undergoing development. This will include advising on an ongoing strategy for commercialising the public realm and working with the consortium to attract the right mix of retail, leisure, office and residential tenants.

Christopher Ives, development director at Carillion, said: “The Crowd team has a strong track record of working with developers to create vibrant destinations. We want Milburngate to stand out along the riverside as offering something different to a city with an already strong personality. Crowd understands the importance of doing things differently and looking at space in an imaginative way.”

Edge Real Estate Portfolio

Brendan Flood’s Edge Real Estate Property Investments, the investment division of Real Estate Group, has appointed Crowd to asset manage a £50 million portfolio of 15 properties that it recently acquired from retail tycoon David Whelan’s Whelco business group.  

The portfolio is made up of nine DW Fitness Health & Leisure clubs, four retail assets in Wilmslow, Wigan, Lancaster and Northampton and an industrial investment in Wigan. It also includes 8 King Street in central Manchester - currently occupied by L’Occitane and Castle Galleries, amongst others - as well as 21 recently refurbished upper floor apartments.

Crowd will be working with the Real Estate Group team to advise on how to add value to the assets over the next three years, working with the occupiers on a programme of refurbishments and implementing techniques to improve the performance of the properties.

jbuckley@costar.co.uk

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