Cushman & Wakefield, the world’s largest privately-owned commercial real estate services firm, has been awarded the mandate to value two portfolios with a combined worth in excess of £1.25 billion (approx. 1.5 billion) for Royal London Asset Management, the UK’s largest mutual life and pensions company.
The portfolios comprise approximately 100 assets located throughout the UK, including retail, office and industrial properties.
Cushman & Wakefield’s 75-strong UK Valuation & Advisory team beat strong competition to secure the instruction as part of a procurement process.
David Mills, who joined Cushman & Wakefield as head of portfolio valuation in April this year from BNP Paribas Real Estate, said: “This three-year appointment is a great achievement amid some stiff competition and testament to the strength of our wider Valuation & Advisory business, which we will continue to grow.”
Source: Cushman & Wakefield