Broadgate Estates buys Smith Young Partnership
Published: 04 June, 2015
Shopping centre management specialist Smith Young bought by biggest client
Broadgate Estates, the property management business owned by British Land, has bought shopping centre specialist Smith Young Partnership for its property management business. Prior to the acquisition, Smith Young’s leasing and review business was transferred out to its previous owners.
Based in Sheffield, Smith Young’s instructions include Meadowhall, Old Market Hereford and Ealing Broadway shopping centre. Smith Young’s 43-member team, combined with Broadgate Estates, will bring together the retail experience of both organisations to provide property management services to the increasing portfolio under management.
Broadgate Estates has provided property management services to Liverpool One for the Grosvenor Liverpool Fund since its opening in 2008. It also manages British Land’s Drake Circus in Plymouth, SouthGate Bath, Broughton shopping park in Chester and Forster Square shopping park in Bradford.
Broadgate Estates CEO Steve Whyman said: “This acquisition is a major milestone in the growth of our retail business and strengthens our regional capabilities. The Smith Young team have a wealth of retail experience and we look forward to working with them.”