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News Release

Leeds

Jones Lang LaSalle appointed managing agent on Caudwell Properties’ entire UK portfolio


Leeds, 9th November 2010 – Staffordshire based Caudwell Properties has appointed Jones Lang LaSalle to manage its entire UK property portfolio. The mandate comprises two multi-let offices at 1 St James' Gate, a 60,000 sq ft Grade A office building in Newcastle upon Tyne and Sapphire Court, a 87,500 sq ft office building in Solihull, as well as four single let office and industrial investments located in Yorkshire and Hampshire.

The instruction, which means Jones Lang LaSalle will take on a full property management role on approximately 920,000 sq ft of offices and industrial space, follows Jones Lang LaSalle’s appointment earlier this year to manage Caudwell’s Hampshire Court scheme, a complex of three multi-let office buildings on a prestigious office park in Newcastle upon Tyne.
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 & 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.”