Blackstar wins trio of asset management mandates
Blackstar Real Estate has been appointed as asset manager for a portfolio of three UK retail assets, comprising Market Place in Bolton, Waverley Market in Edinburgh, and Rutherglen Exchange in Glasgow.
Market Place is a 430,000 sq ft retail scheme in Bolton town centre, anchored by Primark, Next and H&M together alongside a range of retail and leisure operators. Waverley Market, located next to the Princes Street and Waverley Station, is home to a variety of independent and national occupiers, whilst Rutherglen Exchange, to the south-east of Glasgow city centre, serves as a core convenience retail destination for the local community.
Blackstar will be responsible for delivering asset management strategies across all three schemes, with a focus on income optimisation, leasing activity, tenant mix enhancement, and identifying opportunities for repositioning and future-proofing the assets.
Sabri Marsaoui at Blackstar Real Estate said: “We are delighted to have been appointed to manage these three important retail assets. Each scheme presents a distinct opportunity to apply our hands-on asset management approach, strengthen tenant engagement, and drive long-term value. We look forward to working closely with the stakeholders to enhance performance and fulfil their true potential.”
Blackstar Real Estate said the mandate reinforces its growing reputation in delivering active asset management strategies for shopping centres and mixed-use retail environments across the UK.