Redical has appointed Savills as property manager across its entire portfolio of core UK retail and leisure destinations. The company has also appointed Savills’ sustainability consultancy to support in the delivery of Redical’s ESG goals.
Comprising three core assets of Victoria Leeds, The Liberty Romford (pictured), and Clayton Square Liverpool, Redical’s portfolio totals almost 1.2m sq ft of retail, F&B and leisure.
Savills will spearhead the property management of each destination to deliver enhanced asset performance and support Redical’s wider transformation strategy.
Savills’ sustainability consultancy will focus on building an ESG-specific strategy for Redical with input from a range of critical internal and external stakeholders. The strategy will provide a robust foundation for future decision making on sustainability and will set Redical on an improvement trajectory for its GRESB scoring.
Mikko Syrjanen, co-founder of Redical, said: “Our belief is that significant enhancements to commercial performance and value, can be achieved through a process we describe as transformation through accumulation – making a number of smaller, but no less significant, changes and enhancements to our core assets that together drive improved performance. As property manager experts, Savills will play a fundamental role in implementing and managing these transformative changes and aiding the elevation of our core assets.”
Brad Johnson, director of sustainability at Savills, added: “The development of an ESG specific strategy and roadmap demonstrates Redical’s broader approach and long-term commitment to embedding sustainability into the heart of their business, influencing the way work is planned and delivered. This approach puts good governance, integrity, and accountability at the heart of Redical’s operations, and we look forwarded to working with such a forward-thinking organisation.”
