Braemar Estates toasts £1bn assets milestone

NORTH West-based property management company Braemar Estates is toasting reaching a milestone £1bn of assets under administration.
 
The Hale, Greater Manchester, business has a portfolio which includes a number of landmark properties including Grosvenor’s One Park West in Liverpool and Manchester’s Beetham Tower as well as the award winning Clapham One in London.

Braemar Estates now manages a total of 63 residential blocks across the UK containing 4,625 units, as well as acting as ground rent collection agent for a further 5,021 units.

It has grown significantly following its acquisition by Brooks Macdonald Group in July 2010.
 
James Agar, investment director said: “This milestone puts Braemar Estates amongst the ranks of the pre-eminent residential property managers in the country and underlines the strong period of growth which we have seen over the last few years.”
 
“Over the next few years we expect the business to continue to grow rapidly thanks to our professional relationships, and particularly our role as property and investment adviser to Ground Rents Income Fund, a listed Real Estate Investment Trust, launched in 2012.”