Cushman & Wakefield has appointed Peter Best as a partner and head of Regent Street Management Direct, the property management and leasing vehicle for Regent Street, The Crown Estate’s £3.6bn iconic global retail and commercial property destination in London’s West End. The portfolio comprises some 4m sq ft with over 600 customers.
Operating under The Crown Estate’s own brand of Regent Street Management Direct, Cushman & Wakefield provides a team of professionals delivering all aspects of customer management, finance, facilities management and property management together with direct leasing services on Regent Street Offices. The firm has held this prestigious mandate since its original appointment in 2003 and won successive competitive renewals. Reappointed earlier this year following a fully competitive tender, the contract will be held for a further 5 years.
Peter Best joins Cushman & Wakefield in January 2015 from M&G Real Estate where he led UK Asset Management for 10 years responsible for £14 billion of assets under management. During an outstanding career spanning more than 30 years with M&G Real Estate (formerly PruPIM), Peter was Chair of the Commercial Committee for BPF between 2008 and 2014 and a member of the Standards Board of CLAS (Commercial Landlords Accreditation Scheme) since 2007. Peter was a founding supporter of Propex growing it to a market-leading service sold to Co Star in 2007 and winner of the Lifetime Achievement Award from Real Service in 2014. He has advised Government in relation to Business Tenancies, and the Regulatory Reform Order in 2003.
Further new leadership appointments at Regent Street Management Direct include: James Leech who joins as Head of Facilities Management following a 25 year career in FM with companies including Land Securities and Pfizer; and David Woodman who has joined from M&G Real Estate as Head of Community which is a new team to deliver outstanding customer services, and connect over 600 businesses, homes and retailers across Regent Street. Further key role changes include Linda Winstanley who has held a senior role at RSMD since 2003 being promoted to Head of Estate Management.
Polly Plunket-Checkemian, UK Head of Property and Asset Management at Cushman & Wakefield said; “Peter’s appointment is a key point in our timeline on Regent Street. His industry perspective and proven ability to innovate, together with our continued investment across the leadership of Regent Street Management Direct team, is an outstanding realisation of the scale of The Crown Estate’s and Cushman & Wakefield’s vision. Our single purpose is to ensure that Regent Street Management Direct is recognised as London’s optimal customer-centric property service model for the vibrant and diverse range of tenants and consumers that make Regent Street one of the most highly sought after destinations in the world.”