Jones Lang LaSalle secures Caudwell contract

REAL estate services company Jones Lang LaSalle has been appointed to manage the entire UK property portfolio of Staffordshire firm Caudwell Properties.

The mandate includes Sapphire Court, a 87,500 sq ft office complex in Solihull, and properties in locations including Sheffield, Newcastle-upon-Tyne and Fleet in Hampshire.

The instruction means Jones Lang LaSalle will take on a full property management role on approximately 920,000 sq ft of offices and industrial space.

It follows the firm’s appointment earlier this year to manage Caudwell’s Hampshire Court scheme, a complex of three multi-let office buildings on an office park in Newcastle.

Thomas Kane, asset manager at Caudwell Properties, said: “We are very pleased to roll out the management of the rest of our portfolio following an exemplary trial period with Jones Lang LaSalle’s management team on our Hampshire Court property.”

Alan Hutchinson, director in Jones Lang LaSalle’s property and asset management team, added: “This new mandate is an excellent endorsement of the property management service provided to Caudwell Properties so far this year and its great to see Jones Lang LaSalle’s focus on delivering outstanding results are being recognised by our clients.

“It is also a significant addition to the properties our national property and asset management team already manages; specifically this instruction will be led out of our offices in Leeds, Birmingham and West London.”