A portfolio of 133 properties throughout the United Kingdom, known as Project Moon, is to be managed by property agents Lee Baron on behalf of M&M Property Asset Management.
M&M clients acquired the portfolio, valued at around GBP400 million from Receivers at JLL.
It includes Wellington Square Shopping Centre, Stockton on Tees; Maylord Shopping Centre, Hereford; Mansfield Chambers, Manchester; and Hallamshire Business Park, Sheffield.
Kevin McGrath, Chairman of M&M Property Asset Management said: “Lee Baron were actively involved in the due diligence process and provided invaluable advice”.
CEO of Lee Baron, Carl Whayman, says: “This is a high profile instruction for Lee Baron which called on our expertise as successful managers of distressed property portfolios. Our intention will be to add significant value to the portfolio. This instruction demonstrates our clients trust in Lee Baron to manage large remits throughout the UK”.