As part of an exciting development to our growth strategy, we’re proud to announce the launch of Scarborough Management Services.
Reuniting the esteemed legacy and expertise of one of the Group’s former divisions, Teesland with the proven track record of our core development expertise, Scarborough Management Services will see the expansion of our development advisory, project management, asset management, property management, serviced office management and residential management services to property owners and investors looking to maximise value from complex, underperforming or distressed real estate assets.
Having originally acquired Teesland in the early 1990s, the Group became synonymous with high-quality real estate development, investment and management, with a vast number of successful projects across the UK, Europe and the Far East.
At the height of its success in 2002, Teesland became listed on the London Stock Exchange with its operations expanded to such an extent that it ultimately boasted a portfolio of funds under management across Europe with a value in excess of £5bn. More recently however, the Group’s has shifted solely towards delivering its own projects across the UK.
Operating from multiple offices in Edinburgh, Leeds, London, Manchester, Scarborough and Sheffield, our development portfolio encompasses approximately 9.1 million square feet of commercial space and 4,000 residential units, with plans for over 3.9 million square feet of additional commercial space and 1,600 residential units in the long-term pipeline.
Simon McCabe, Chief Executive, commented:
“By amalgamating SGI’s extensive experience and established track record in delivering large-scale regeneration projects with the prestige of Teesland legacy, we’re strategically poised to address the multi-faceted challenges within today’s dynamic real estate landscape.
“With the launch of Scarborough Management Services, where we have established offices in Leeds, Manchester, Sheffield, London and Edinburgh, our goal is to curate a comprehensive suite of Management Services tailored specifically for property owners and investors seeking to unlock the latent value within their property assets.”
For more information on Scarborough Management Services and our comprehensive suite of real estate solutions, please visit the Scarborough Management Services web page.
Alternatively, you can check out Kevin and Simon’s in-depth interview with Sam McClary, Editor of EG, regarding the launch of Scarborough Management Services here.