Estama have won the property management mandate for Cheshunt Lakes portfolio in Hertfordshire.

The London-based property and asset management company was appointed by Kroll Advisory Ltd who are acting as administrators for the site.

The 130,000 sq ft estate is made up of 19 individual units across 12 separate buildings including the Burdon & Miles Industrial Estate, Ingersoll House, The Hugg, and Plastek House.

The appointment signals the ongoing strengthening of Estama’s position in the industrial sector and underlines their ambitious growth plans across all property sectors.

“We’re delighted to be appointed by Kroll to property manage the Cheshunt Lakes portfolio and will be working closely with them to stabilise the assets and plan for its future,” said Estama’s George Grimes.

“This site is part of a series of new contracts we’re signing over the coming months and demonstrates the breadth of what we can offer across all property sectors,” he added.

Estama is one of the UK’s leading commercial asset and property managers offering investors authentic and actionable solutions that deliver outstanding value, with an extensive current portfolio under management across all commercial asset classes.

Recognised for its proactive approach to asset and property management, emphasising improved investment value and returns, sustainable practices, and tenant and community engagement.