New addition to MAG Property senior team

MAG Property, the property and development arm of the UK’s leading airport group, announces the appointment of Andrew Blackshaw in the role of Strategic Asset Management Director.

Andrew joins from Deloitte and has 17 years corporate finance and real estate consulting experience. He will be responsible for a team of 28 property management and facilities personnel. Working with Lynda Shillaw, MAG Property CEO, Andrew assumes overall responsibility for the MAG Property investment estate and will be accountable for Assets, Facilities Management and Risk. MAG Property’s £641m property portfolio is spread across four UK airports with an average 93.9% occupancy, generating an annual income of £47.5m.

Lynda Shillaw, MAG Property CEO, said: “This is another great senior hire for MAG Property. Andrew has chosen an exciting time to be joining us, as we continue to build a distinctive offer for businesses looking to occupy space at one of our highly connected locations. Andrew is a really strong addition to the senior management team and will help us with our goal of being a market leading property and development business.”

Andrew Blackshaw, said: “I’m excited to be joining the senior team at MAG Property at this really important stage in its development. I’m looking forward to be joining such a great group of people and helping to support the business as it grows and develops.”

As a Chartered Surveyor and Member of the IPF, Andrew is a specialist in designing and implementing managed exits and optimisation plans on behalf of financial stakeholders, and also has extensive experience of creating and operating asset management platforms and repositioning diverse portfolios. He has led operating asset management platforms working out a number of high profile restructurings including the recovery of Silverburn Shopping Centre, Targetfollow Estates (Centre Point and Baskerville House in Birmingham) as well as advising on the management structure of The Shard.  Additionally, Andrew has delivered a number of real estate non-performing loan transactions for vendors, and has articulated and delivered various workout plans for private equity investors.