Nuveen appoints Workman to manage three contracts with £620m AUM

Nuveen Real Estate has appointed Workman to deliver property management services for three strategies managed by its UK Balanced Funds team worth around £620m. The property manager and consultancy has been appointed to manage 72 multi-sector assets across the UK, with more than 400 tenants. The three strategies will help contribute to Nuveen’s net-zero-carbon strategy, which it hopes to achieve by 2040 and will be an addition to the company’s ESG impact across the portfolios through GRESB. Gavin Halliday, partner at Workman, said: “The nature of the strategies allows us the opportunity to demonstrate our consistently robust property management proficiency, as well as our expertise in collaborating to deliver significant progress on GRESB and other ESG initiatives.” Manreet Randhawa, director at Nuveen Real Estate, said: “[The company’s] ESG requirements will only be achievable via a strong collaborative effort between our internal teams and the managing agent, and I know that Workman’s property management team is very experienced in this area. I look forward to working with Gavin’s team.” Workman has also expanded its mandate with abrdn and secured further instructions to deliver property management services for both the Property Authorised Investment Fund (PAIF), made up of 50 assets, and a further segregated mandate totalling 26 assets. Combined, they total 444 tenancies across the two portfolios. To send feedback, e-mail chante.bohitige@eg.co.uk or tweet @bohitige or @EGPropertyNews Photo © Gerd Altmann/Pixabay