News • 26/05/2023
MAPP strengthens its Asia platform alongside partners Millennium Group and Allsop
MAPP, alongside partners Millennium Group, a leading provider of premium real estate investment management services and Allsop LLP, a property consultancy focused on the office and residential sectors, is proud to announce the opening of a new office in Singapore.
The new office will serve as the joint venture’s Southeast Asia regional hub, expanding its reach and enhancing its ability to provide stronger services for its existing and new clients in Singapore, Malaysia and Indonesia.
The Millennium Group has hired Steve Lydon as a General Manager from Allsop, one of the UK’s leading property consultancies, to work with existing and new clients. For the past six years, Steve has been working with London commercial property investors and developers, specialising in the prime central markets.
Now based in Singapore, his appointment will see him advising clients on investments and existing portfolios in UK markets. Steve will work with the asset management and property management teams at MAPP and Allsop, as well as the specialist City and West End office teams, national commercial team, its strong BTR and student housing investment specialists. Notable transactions that the alliance have executed on behalf of its clients include 5 Fleet Place EC4 for £191.2 million and 1 St James’s Square, SW1 for £250.1 million.
Nigel Mapp, Chairman at MAPP, added: “Seven years into our partnership, many trips to Asia and with a lot of hard work, we are managing over £3.5bn of assets for Asian investors, with a large proportion based out of Singapore. Opening an office in Singapore will enable us to grow and create new relationships and help us to engage and make the point that the management of real estate in the UK is a fast changing multi-disciplinary area with MAPP leading the way on everything from ESG to managed workplaces, tech and data.”
Martin Kaye, founder at Millennium Group, said: “Singapore continues to thrive as one of the key hubs for business in Asia and is a centre for signiﬁcant outbound capital into UK. We see tremendous opportunities for growth and this is a natural step as we have several existing retained clients in the city. It’s also a springboard for our growth as a multi-asset class manager, particularly with Singapore’s diversiﬁed investor pool using the city as a HQ for family oﬃces and the international REIT listings. We are thrilled to have Steve join the team and take another step forward in our partnership with Allsop.”
Steve Lydon, GM at Millennium Group, said: “Having been raised in Kuala Lumpur and cut my teeth in London, I’m excited to have joined Millennium Group, based in Singapore, with the role of supporting existing clients across Southeast Asia. Coming from the Allsop team is a bonus with my familiarity of colleagues in UK who will continue supporting us and our investors to secure assets and add value to their existing portfolio’s. The Platform is nicely established with the full suite of services, and we are positioned well to roll out some new products to existing and new customers.”