Case Study

San Diego Region

Carlsbad
5901 Priestly Drive
Suite 100
Carlsbad, CA 92008
USA
Main: +1 760 438 8950
Fax: +1 760 438 8925

Andy LaDow
Regional Managing Director
Email Andy

San Diego
4660 La Jolla Village Drive
Suite 100
San Diego, CA 92122
USA
Main: +1 858 455 1515
Fax: +1 858 546 9146

Temecula
Main: +1 951 695 3770
Fax: +1 951 296 2456

A New Standard in Management

When Standard Life required a national solution for property management and leasing across 90-plus buildings in a $300 million portfolio, Colliers’ team stepped up.


The challenge

Standard Life Investments conducted an extensive, competitive bid process to appoint an exclusive national service provider for properties throughout six provinces in Canada, including Vancouver, Edmonton, Calgary, Regina, Toronto and the greater Toronto area, Ottawa, Montreal and St John, New Brunswick. Standard Life’s ongoing acquisitions added 25 new properties to the mix, bringing the total portfolio to 90 properties valued at approximately $300 million.

The services

Colliers was charged to manage 4.8 million square feet of industrial, office and retail space. We employ 53 dedicated staff for these properties, including 32 specialists in property management and building operations and 21 brokerage professionals. Property management services include operating and capital budget management, on-site maintenance operations and tenant relationship management. Additionally, Colliers provides accounting and financial reporting, facility services, inspection services, lease administration, capital project management and property leasing and marketing.

The results

Since the start of the assignment in July 2007, Standard Life has retained Colliers International as its service partner, and Colliers has been responsible of onboarding three new portfolios purchased by Standard Life. In total, the Colliers team has brought overall occupancy rates up to 94%. Additionally, Standard Life continues to optimize operations by taking advantage of Colliers’ service offerings in inspection services, due diligence of property financials and operating costs.

San Diego
4660 La Jolla Village Drive, Suite 100 San Diego, CA 92122 United States | Tel: +1 858 455 1515