Crosstree Real Estate Partners has appointed Blackstar Real Estate to provide property management services at the Edmonton Green retail asset in North London.
The 500,000 sq ft scheme, which sits on a 26-acre site, comprises the entirety of the town centre and benefits from a wider consented mixed-use residential-led masterplan to rebuild the existing retail scheme and add up to 1,500 homes.
The appointment expands Blackstar’s existing asset management mandate, bringing both asset and property management under a single platform to drive operational performance, strengthen occupier relationships and support the centre’s long-term strategy.
Liam Singh, managing director at Crosstree, said: “Blackstar has demonstrated a proactive and commercially focused approach to asset management at Edmonton Green. Extending its responsibilities to include property management is a natural progression and will provide a more integrated approach to the operation and strategic direction of the centre. We look forward to building on the progress already made.”
Sabri Marsaoui, chief executive officer of Blackstar Real Estate, added: “We are delighted to be expanding our role at Edmonton Green and strengthening our relationship with Crosstree. Bringing asset and property management together allows us to take a fully integrated, hands-on approach, ensuring that our asset management strategy is supported by effective operational delivery. We see significant opportunities to further enhance the centre’s performance, support its occupiers and reinforce its position as an important destination for the local community.”
