Colliers completes Malta assignment
The Birmingham office of Colliers International has completed a two-year project advising the Maltese government on its industrial property holdings.
The property consultancy was asked to devise a management strategy for a 30 million sq ft portfolio in 2009, examining aspects including management structures, procedures and policies.
Colliers' portfolio comprised 14 industrial estates located across Malta and Gozo, including one site with a call centre for HSBC and a 40,000 sq m (430,000 sq ft) Playmobil manufacturing hub.
Martyn Edwards, who heads Colliers International's investment property management team in Birmingham, led a team in Malta and created a 400-page report on the properties.
Edwards said: "This two-year brief was an exercise in industrial property management forensics, focusing in on improving management efficiencies and environments for occupiers, improved paractices, procedures and systems, which, once implemented, will result in better portfolio performance.
"With manufacturing accounting for 17 per cent of Malta’s GDP and with its industrial portfolio being a major income generator for the nation, it is vital that the industrial property assets perform well and are leveraged for maximum income generation."
