ESTAMA UK Creates Employee Ownership Trust

ESTAMA UK Creates Employee Ownership Trust

01/10/24
3 Minute read

Leading commercial property and asset managers ESTAMA UK has announced its transition to Employee Ownership Trust (EOT) status.

ESTAMA UK is among the first companies within the industry to adopt the progressive initiative that transfers the ownership of the business into the hands of its employees.

Becoming an EOT marks a significant milestone in the development of the business and
underpins its core values of teamwork, innovation, and long-term sustainability.

“I’m delighted to announce our transition to an Employee Ownership Trust,” said Managing Director Eoin Conway.

“Shared ownership aligns our long-term interests with those of our dedicated team, ensuring a sustainable future and stability for our clients and colleagues alike.

“Success is a collective effort, and together, as co-owners, we’re excited to move forward with a renewed sense of purpose towards ever greater achievements,” he added.

As an EOT, Eoin says ESTAMA UK will remain committed to the core values established by David Roberts and Tony Quayle who founded the business in 2004.

“While we will continue our strong relationship with David, Tony, and Edinburgh House, we are also keen to exploit our breadth of knowledge and experience in the real estate industry, to enhance our relationships with existing and future clients, as evidenced by a number of our recent instructions for both property, and asset management,” he added.

The transition to EOT status has been welcomed by David Roberts who believes it will help secure the long-term success of the business he founded.

“Over the years the independence of the business, its core values, investment in its employees and its reputation, have been critical to its success,” said David.

“For this reason, rather than looking for a third-party buyer, we have been exploring alternative ownership models as a way of ensuring it can retain its independence, culture, and values, and empower those already working within the business to lead it.

“Employee ownership incentivises and rewards all the employees of the Group, many of whom have played a key role in ESTAMA UK’s success and gives them the chance to drive the future growth and development of the business,” he added.

As part of the EOT, Ross Campbell, Head of UK Investment & Transactions, Mansing Awotar, Head of Finance, and George Grimes, Head of Property Management, have all been promoted to directors and joined the company board.

“We are delighted to join the board of directors and excited at the prospect of working together with our fellow employees to ensure ESTAMA UK’s continued growth and success,” said George.

“The new ownership structure will enable us to enhance the services we provide to our clients, maintain our independence within the industry, and allow us to put our people at the centre of everything we do” he added.

ESTAMA UK is one of the UK’s leading commercial asset and property managers offering investors authentic and actionable solutions that deliver outstanding value, with a current portfolio of £2.5 billion commercial assets under management across all asset classes.

Related news articles

Estama Expands Shopping Centre Portfolio with New Asset Management Appointment for The Kingdom Centre

Estama Expands Shopping Centre Portfolio with New Asset Management Appointment for The Kingdom Centre

Leading asset and property management company Estama has been appointed by Focus Estate Fund to manage The Kingdom Centre in Glenrothes, further expanding its impressive portfolio of shopping centres.

View Article
Estama’s evolution reflected in re-brand

Estama’s evolution reflected in re-brand

Leading commercial property and asset managers Estama are set to reveal their new brand identity at Completely Retail Marketplace in London this week.

View Article
Estama continues growth across all Property Sectors with new Industrial Estate contract

Estama continues growth across all Property Sectors with new Industrial Estate contract

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

View Article
Estama UK wins contracts to manage three new shopping centres

Estama UK wins contracts to manage three new shopping centres

As part of its ongoing growth plan, ESTAMA UK has confirmed it has won contracts to manage three new shopping centres in Northamptonshire, Cheshire, and County Durham.

View Article
Estama UK expands team with appointment of experienced Asset Manager

Estama UK expands team with appointment of experienced Asset Manager

Leading commercial asset and property managers ESTAMA UK has appointed Alex Butler to join its Asset Management team.

View Article
Graduate Surveyors join ESTAMA UK’s Property Management Team

Graduate Surveyors join ESTAMA UK’s Property Management Team

Leading property and commercial asset managers ESTAMA UK has appointed two new graduates to join its Property Management Team.

View Article
ESTAMA UK Appointed Property Managers for Staples Corner Shopping Park

ESTAMA UK Appointed Property Managers for Staples Corner Shopping Park

Leading property and commercial asset managers ESTAMA UK have been appointed to take over the management of the Staples Corner Shopping Park in North London.

View Article
Andrew Conway joins Estama

Andrew Conway joins Estama

ESTAMA UK continues UK expansion with Asset Manager appointment ESTAMA UK has appointed Andrew Conway as the newest Asset Manager to join its specialist Asset Management team.

View Article
Signal Capital completes the purchase of the Thamesgate Shopping Centre, Gravesend

Signal Capital completes the purchase of the Thamesgate Shopping Centre, Gravesend

Private investment manager, Signal Capital, supported by retail property and asset management specialist, ESTAMA UK, has completed on the acquisition of the Thamesgate Shopping Centre, in the historic riverside town of Gravesend.

View Article
ESTAMA UK Secures Sales of Multiple Industrial Assets

ESTAMA UK Secures Sales of Multiple Industrial Assets

Specialist property management company ESTAMA UK has assisted with and secured the sales of both Sunbeam Industrial Estate, Park Royal, London and Syston Mills, Leicestershire, both finalised in Q1 2021, leveraging the liquidity and strength of the industrial market.

View Article