Redical appoints Savills across retail and leisure portfolio
Real estate asset owner and operator Redical has appointed Savills across its portfolio of UK retail and leisure destinations.
Redical has also appointed consultancy Savills Sustainability to support the delivery of its ESG goals.
Comprising three core assets of Victoria Leeds, The Liberty in Romford, and Clayton Square Liverpool, Redical’s portfolio totals almost 1.2 million sq ft of retail, leisure, and F&B and has a combined annual footfall of 32 million.
Savills will lead the property management of each destination as it looks to deliver enhanced asset performance and support Redical’s wider transformation strategy. Key roles will include rent and turnover collection, tenant engagement, retail delivery, and supervision of on-site staff.
Mikko Syrjanen, co-founder of Redical, said: “Our belief is that significant enhancements to commercial performance and value, can be achieved through a process we describe as transformation through accumulation – making a number of smaller, but no less significant, changes and enhancements to our core assets that together drive improved performance. As property manager experts, Savills will play a fundamental role in implementing and managing these transformative changes and aiding the elevation of our core assets.”