The Crown Estate has announced the promotion of Hannah Milne to head its £2.2 billion Regional Portfolio. Previously Regional Portfolio Manager, she will take over the position currently held by James Cooksey, who has been promoted to the newly created position of Head of Central London. Both appointments come into effect on 1 July.
In her new role Hannah will lead all asset management, development and investment activity for the portfolio, and will report directly to Director of Investment and leader of the Urban Portfolio, Paul Clark.
Commenting on the appointment, Paul said: “Hannah has played a vital role in creating our UK leading portfolio of dominant regional retail and leisure assets, bringing focus to our work in the sector by leveraging strategic relationships with key retailers.
“I have no doubt she’ll do a fantastic job as she now takes on responsibility for further enhancing the portfolio she has helped to build.”
Hannah Milne said: “The success of our Regional Portfolio has been delivered by the extremely dedicated and skilled team of asset managers we have at The Crown Estate.
“I’m looking forward to continuing to work with the team here to take our portfolio to the next level, focussing on delivering the progressive asset management approach for which The Crown Estate has become renowned across its commercial property portfolio.”
Hannah joined The Crown Estate as Regional Portfolio Manager in 2011 from Knight Frank’s West End Capital Markets team, having spent the earlier part of her career with BNP Paribas.
She has subsequently taken a leading role in delivering major transactions and investments including last year’s £345.5m acquisition of Leicester’s Fosse Park, the largest purchase in The Crown Estate’s history.
She also oversaw the agreement to forward fund the development of the Banbury Gateway fashion park and, more recently, the forward funding of Northamptonshire’s Rushden Lakes shopping and leisure scheme.
The Crown Estate’s Regional Portfolio is valued at £2.2bn and currently includes 17 retail and leisure parks, along with shopping centres in Oxford, Exeter and Worcester.
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