Colliers International’s specialist Shopping Centre Management team instructed by IM Properties.
Colliers International’s Investment Property Management (IPM) team has been instructed by the UK's largest privately-owned investor developer, IM Properties, to take over the property management of its 627,000 sq ft shopping centre, Mell Square, in Solihull, Birmingham.
The IPM division, based in Colliers International’s Birmingham office, will be managing 90 retail units, three office buildings and the new food and beverage destination in the central square which is occupied by three independent food and drink brands Green’s, Vita and Taste Collective.
The 1960s shopping centre, located in Mill Lane, includes anchor retailers Marks and Spencer, Sainsbury’s, Argos and Boots and is visited by over a million customers every year. IM Properties, which bought the centre in 2013 from Aviva Investors, has aspirations to further develop the scheme.
Sophie Orme, director in Colliers International’s Investment Property Management division, said: “We have a strong reputation for managing properties - in excess of 40 shopping centres and retail parks across the country. Our experienced and stable team of experts are able to support our clients to develop Mell Square into a shopping destination of choice for everyone.”
IM Properties has an investment portfolio based across the UK and USA. Rob Hemus, Asset Director said: “Colliers’ retail expertise and passion for shopping centres were deciding factors in appointing them. I have been really impressed by their enthusiasm and drive to get the job done well and the personal pride and dedication of the property management professionals in their team.”