Midlands property team appointed to 500,000 sq ft national portfolio

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.

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.”

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.

“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.”