The company will continue to specialise in investments, together with property and asset management.
The firm currently have some 45 management clients comprising institutions, property companies, private and overseas investors, banks and receivers. It will now manage some 480 commercialproperties, including shopping centres, high street retail, offices, industrial and residential with a capital value in excess of £3 billion, producing a rent roll in the region of £220m.
The locations of the properties include Central London and are broadly spread throughout the UK, including Scotland.
The management team will now be based at CBGA’s head office at 34 Dover Street, London W1S 4NG and will be run by Eirik Robson and Colin McPhee. The Birmingham office at Cavendish House, 39 Waterloo Street, Birmingham, B2 5PP will continue to be run by Richard Turner. The personnel will total 18 including management surveyors, accountants and facilities management.
CBGA Robson will continue with the same property management ethos of their individual companies by concentrating on providing clients with a bespoke property management service, together with the generation and implementation of asset management strategies. In addition, the firm will focus on its activities acting on behalf of Banks and Receivers providing best practice property management solutions and organisation of the sales process.
The investment team will continue to be run by Chris Adams and Nick Richards. The most recent acquisitions and disposals include two retail and office buildings in City Road, London EC1, a retail shopping centre in Fakenham, a retail park in Burnley, offices in Lincoln’s Inn Fields, London WC1 and a site in Central London with planning consent for student housing.
Both companies have clients with overseas interests and have been active in Germany, where they have a long standing joint venture partner, Estavisio, based in Dortmund, which is run by Thilo Schauff.
They have a personnel of 40 and manage over €1billion of property assets on behalf UK clients. This will be overseen by Eirik Robson and consultant, Stuart Scobie.
Peter Bellman will become Managing Director of the Group and commented, ‘In these difficult economic times, maximising income and values through effective and efficient management is a prerequisite to investment performance, if not survival. The merger of these two established firms with such a depth of experience will be the perfect platform to provide both an excellent Investment and Management service’.
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