Brighton & Hove City Council has appointed SHW as commercial portfolio estate manager for more than 650 commercial properties.
SHW will deliver a full estate management service encompassing strategic advice, day-to-day portfolio management and financial reporting. The contract will run for a period of five years with an optional two-year extension.
Brighton & Hove City Council’s commercial property portfolio includes retail, industrial and office properties such as Lyndean House, Hove Technology Centre and Brighton Marina. The portfolio generates annual rental income of more than £8m.
Robin Howland, partner and head of commercial property management at SHW, responsible for Brighton and Sussex coast regions, said: “Brighton & Hove City Council’s portfolio holds many strengths, with high yields, secure ground rents and low historical voids. It also offers great potential for asset management and optimising value through regeneration, portfolio rebalancing and supporting local businesses. We are delighted to have been appointed to fulfil this role and take the portfolio to the next level using our strengths across business lines.”
Jessica Jamilton, interim head of strategic property at Brighton & Hove City Council, added: “Our combined vision and ongoing mission is to foster a proud, fair, inclusive, and healthy city, with key goals to develop an inclusive economy, environmental sustainability, safety, accessible housing, and well-being for all residents. Our commercial property strategy is a key part of this, along with an emphasis on optimising value from the portfolio with a focus on rebalancing the commercial assets, and we are delighted to have SHW on board.”
