Blackstone’s Trentham Estate picks new operating partner

Blackstone’s Trentham Estate has appointed Multi-Realm as operating partner. The estate, covering 725 acres near Stoke-on-Trent in Staffordshire, offers retail, leisure and event spaces. Central to the estate is the 96,498 sq ft outdoor Shopping Village, hosting 80 national, regional and independent brands. The estate also features the 64,749 sq ft Blue Diamond Garden centre, one of the largest in the UK. Previously managed by St Modwen, Trentham Estate will now be overseen by Multi-Realm, which will handle all aspects of its retail, leisure, and events operations. Its focus will be on property and asset management, leasing, development and operational consulting. Multi-Corporation, a pan-European platform for integrated real estate management services, acquired a majority stake in Realm earlier this year and operates in the UK as Multi-Realm. Multi-Realm’s current portfolio includes London Designer Outlet at Wembley Park, Lakeside Village in Doncaster, Resorts World in Birmingham and Cotswold Designer Outlet which is opening in spring 2025. Dan Mason, managing director of Multi-Realm, said: “We have a strong track record of applying data into our decision-making, being proactive in our asset management and building strong brand partnerships to collectively drive performance at the assets we manage. “This is a great example of how the operating skills we have developed over 25 years from the designer outlets and other retail and leisure destinations can be transferred to other types of visitor attractions and retail operating businesses.”