Caudwell Properties have instructed Jones Lang LaSalle to manage their nationwide office property portfolio.
Property advisors Jones Lang LaSalle have been appointed to manage office property belonging to the Caudwell business, including large offices in the North East and Midlands.
Jones Lang LaSalle has been given the task of managing all of the Caudwell Properties which stretch across England.
The portfolio contains 920,000 square feet comprising of both office and industrial space. The largest office properties are in the West Midlands and North East.
There are also four individual office and industrial estates in Yorkshire and Humberside which will be taken on by the property advisor.
The pick of the offices are Sapphire Court in Solihull, which comprises of 87,500 square feet and two multi-let offices in 1 St James’ Gate in Newcastle.
Earlier in the year Jones Lang LaSalle were appointed to manage the Hampshire Court Offices situated in Newcastle-upon-Tyne.
Millionaire John Caudwell founded Phones4U in 1994 and is now ranked as one of the Midlands’ richest men, coming top of the Midlands Business Insiders 2010 Rich List.
Elsewhere in the Midlands, a new business and technology park is being extended in Bromsgrove, Worcestershire. The site will consist of 98,000 square feet and is made up of predominantly industrial sites.
The site is being developed by the regeneration partnership scheme PxP West Midlands. Work on the site can start immediately and the first units will be ready for summer 2011.
At 42,000 square feet the site is expected to accommodate 260 employees should all the units be sold, with local business and council leaders believing that the site will benefit the local economy.