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GVA Grimley to take over management of Berkeley Square House

20/02/2004

Berkeley Square House will have a new management team from 1 May 2004. GVA Grimley is to take over the day-to-day management of one of the largest office buildings in Mayfair and one of the most prominent in Central London.

GVA has been appointed by Lancer Property Asset Management Ltd to manage the 360,000 sq ft office building on behalf of Berkeley Square Holdings Ltd, the off shore owners of the Berkeley Square Estate.

In total, GVA Grimley’s property management team will now manage over 1 million sq ft of property around Berkeley Square which completes a generation of change for its property management team in Central London.

Chief Executive at GVA Grimley Michael Corbett, comments: "this is a unique opportunity to manage one of the most high-profile estates in the capital and presents an exciting challenge for our property management consultancy team to showcase its capabilities."

The nine-floor Berkeley Square House with in excess of 50 tenants is expected to go through an extensive refurbishment over the next five years. A dedicated team at GVA Grimley will work closely with Lancer to service the account on a day-to-day basis.

John Kevill, partner at GVA Grimley and director of Lancer Property Asset Management Limited says: "The change in management forms part of a broader strategy that will effectively complete the integration of Berkeley Square House into the wider Estate."

This appointment follows a series of recent high-level instructions for GVA Grimley’s property management team. Prestbury Investment Holdings Limited has appointed the team to manage a further six recently acquired properties in central London, comprising in excess of 335,000 sq ft of office, retail and leisure space in addition to the management of a substantial block at 107 Cheapside in the City on behalf of the Carlyle Group.

Catherine Liddle, PR executive, tel: 020 7911 2641

Email: catherine.liddle@gvagrimley.co.uk

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