Following Portsmouth City Council’s recent acquisition of Lakeside North Harbour office campus, in Portsmouth, Avison Young has been appointed to provide a comprehensive property management service on the campus, including accounting, facilities management and destination marketing services.
The 120-acre site, located to the north of Portsmouth City Centre, comprises c. 595,000 sq ft of offices, c. 3,000 parking spaces, a day nursery and 8.7 acres of development land. The campus has an occupancy rate in excess of 90% and more than 70 occupiers, including IBM, Regus, LexisNexis and Babcock International.
Richard Williams, Principal and Managing Director of Property Management for Avison Young, says: “Portsmouth City Council is already a valued client of Avison Young. Our Property Management team manages a nationwide investment portfolio on their behalf, and we are thrilled to have been selected to extend our services.
“We very much look forward to working with the council, the campus occupiers and the impressive team at Lakeside North Harbour to maintain and enhance its position as the South’s leading business campus. We will be utilising our extensive experience and network to bring new initiatives and improvements to the scheme on a day-to-day and future basis.”
Avison Young’s Property Management division has approximately £15bn assets under management and over 15,000 occupiers, employing over 250 people across the UK. The team manages a wide variety of property including office, industrial and logistics and retail, as well as mixed-use schemes and high profile ‘trophy’ assets under management.
Richard continues: “Our team’s expertise in the intelligent management, accounting, marketing and occupier experience management of multi-stakeholder mixed-use estates makes us perfectly placed to support this vibrant asset which is home to so many successful and growing businesses.”