DTZ wins property management instruction for TIAA Henderson 1.5 ft² central London office portfolio (UK)

DTZ is pleased to announce that it has been awarded a three-year contract to provide full property and facilities management services in respect of a Central London office portfolio, owned by TIAA Henderson Real Estate. The instruction comprises a portfolio of 27 premises totaling 1.5 million ft² (approx. 100,000 m²), £36 million (€48 million) rent roll and a combined service charge of c. £12 million (€16 million) per annum.
The prestigious portfolio incorporates the £200 million (€269 million) Houndsditch estate, where the DTZ City Investment team recently sold a 50% share to Madison International Realty and the 470,000 ft² (43,664 m²) Leadenhall Triangle group of buildings, which incorporates the proposed 900,000 ft² (83.613 m²) 40 Leadenhall Street (‘Gotham City’) development for which planning permission was granted in February of last year.
DTZ’s property management department will provide full estate, financial and facilities management services, incorporating development consultancy, technical services management, energy and sustainability advice and customer engagement.
Clive Castle, Director of Central London Offices at TIAA Henderson Real Estate, says: “We are pleased to be working with DTZ on this central London office portfolio. They bring a strong track record and will complement our own team’s commitment to enhancing value across the portfolio.”
Tim Hallett, Director, Property Management, says: “DTZ is delighted to have won this prestigious central London office management instruction, which complements our growing portfolio of Central London offices under management. We look forward to supporting TIAA Henderson Real Estate to achieve their investment strategies and to developing strong collaborative relationships with all occupiers across this portfolio.”
Source: DTZ