Blackstar secures property management mandate at Edmonton Green
Crosstree Real Estate Partners has appointed Blackstar Real Estate to provide property management services at Edmonton Green in North London.
Located in the borough of Enfield, Edmonton Green is a 500,000 sq ft community-led retail asset, with occupiers including Asda, Lidl, Iceland, and Boots.
The 26-acre site comprises the entirety of the town centre and benefits from a wider consented mixed-use residential-led masterplan designed to rebuild the existing retail scheme and add up to 1,500 homes.
The appointment expands Blackstar’s existing mandate at Edmonton Green, bringing asset and property management under a single platform.
Liam Singh, managing director at Crosstree, said: “Blackstar has demonstrated a proactive and commercially focused approach to asset management at Edmonton Green. Extending its responsibilities to include property management is a natural progression and will provide a more integrated approach to the operation and strategic direction of the centre. We look forward to building on the progress already made.”
Sabri Marsaoui, chief executive officer of Blackstar Real Estate, added: “We are delighted to be expanding our role at Edmonton Green and strengthening our relationship with Crosstree. Bringing asset and property management together allows us to take a fully integrated, hands-on approach, ensuring that our asset management strategy is supported by effective operational delivery. We see significant opportunities to further enhance the centre’s performance, support its occupiers and reinforce its position as an important destination for the local community.”
The appointment follows a period of continued growth for Blackstar, which has recently secured asset management mandates at Market Place in Bolton, Waverley Market in Edinburgh, and Rutherglen Exchange in Glasgow.