Colliers International wins Stratford estate management brief

Martyn Edwards and Tarquin Murray-Holgate of Colliers International, with Michael Wyldbore-Smith (centre) of Stratford Town Trust, outside The Garrick Inn, the oldest pub in Stratford.

The Birmingham office of property consultants Colliers International has won the brief to manage Stratford-upon-Avon Town Trust’s £35m property portfolio.

The charitable organisation was set up in the sixteenth century and granted a Royal Charter by Edward VI, nine days before his death in 1553.

It boasts a varied portfolio of more than 100 properties, all in Stratford-upon-Avon, including listed buildings such as 1 High Street (Judith Shakespeare’s home) and Mason’s Court, Shrieves House – England’s most haunted site – the Boathouse on the River Avon, land adjacent to Anne Hathaway’s cottage and Stratford’s oldest public house, the timber-framed Garrick Inn.

Income generated from the portfolio is returned to the community in the form of grants.  Since 2001, 1,000 grants have been awarded to local schools, community groups, arts organisations and individuals.

Colliers International advised the Trust for six years but faced competition from 18 other property consultants when the brief was re-tendered under Charity Commission guidelines.

The firm will advise on acquisitions and disposals; development; investment management; tenant relations, including rent collection and rent reviews; facilities management and health and safety.  Colliers’ investment property management team, headed by Martyn Edwards, and commercial lease consultancy team, led by Tarquin Murray-Holgate, will share the workload.

Martyn Edwards said: “The Stratford Trust is one of the biggest charitable landowners in the country and it is a privilege to be working with them.”

Tarquin Murray-Holgate added: “The varied portfolio, which includes hotels, shops, offices, pubs, car parks and even a public toilet is a mixed bag, and there is also the challenge of balancing the Trust’s commercial and altruistic objectives.  It is a hugely interesting project to be involved with.”

Michael Wyldbore-Smith, of Stratford Town Trust said, “Colliers have proved themselves to be enthusiastic and diligent in their approach to the management of the Trust’s portfolio and we had no hesitation in re-appointing them.”

 

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