Mayfair Capital appoints JLL as property management provider
JLL appointed property managing agent across build-to-rent development in central Manchester to further develop long standing relationship with Mayfair Capital
JLL Property & Asset Management alongside the Residential team who have secured the property and facilities management mandate for of the Duet, a build to rent development in Salford Quays, Manchester. The residential team will be supporting the Fund Managers, Mayfair Capital, who are a wholly owned subsidiary of Swiss Life, in supporting the new fund investing in residential real estate in the UK and across Europe. The team will be on-site to deliver a high-quality occupier experience across the residential sector.
With a long-standing relationship with Mayfair Capital, JLL’s Property & Asset Management team are delighted to secure this joint appointment with the Residential team, bringing both commercial and residential experience to the project as it continues to develop into a mixed-use residential scheme.
The development includes 270 homes – a mix of one-, two- and three-bedroom apartments alongside amenities including a gym, private working rooms, meeting rooms, waterfront gardens, 24-hour concierge service, secure parking, and bicycle storage.
The fund is owned by Swiss Life with Mayfair Capital – a wholly owned subsidiary of Swiss Life - appointed as Fund Manager and JLL as Property Manager.
JLL’s David Nicholls, Director in the Property Management team said, ““We are delighted to expand our much-valued relationship with Mayfair Capital and Swiss Life through our appointment to manage their new UK fund and look forward to seeing this grow in the coming months and years”
Jos Seligman, Transaction and Fund Manager at Mayfair Capital added, “JLL impressed Mayfair Capital and Swiss Life with a strong track record in residential. Build to rent management is a particularly valuable addition to the service JLL have provided for several years to Mayfair Capital for commercial assets. Following this first BTR acquisition in Salford there are ambitions to continue to build on the UK residential portfolio and our team looks forward to building an efficient platform with JLL”.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.