The instruction sees Peloton Real Estate take on the asset management of 17 multi-let estates across the UK comprising 310 units and a total of 2.55million sq ft of floorspace. The estates are located across the country including: Battersea Business Park in Central London; Larkfield Trading Estate, Aylesford; Pucklechurch Trading Estate, Bristol; Oakhill Trading Estate, Manchester and Monckton Road Industrial Estate, Wakefield.  

Jonathan Nuttall, Managing Director at Peloton Real Estate, commented: “This is an exciting partnership which will take the portfolio through the next stage of its evolution. BlackRock share our culture, values and ambition to deliver an Environmental, Social and Governance focussed strategy to enhance returns across the portfolio and we look forward to providing a first-class service to existing and future tenants. This instruction is an important milestone in the growth of our business and underscores our approach of working in partnership with investors and tenants to make a positive difference to their real estate platforms.”