Trinova appointed to lead loan restructuring and integrated management of EQ UK office portfolio

Trinova has been appointed to lead the loan restructuring and ongoing management of the EQ portfolio, a multi‑asset UK office portfolio including Equinox in Glasgow and Future House in Staines, totalling close to c.150,000 sq ft of office accommodation, on behalf of a consortium of Korean insurance capital and government‑agency investors. The mandate covers loan restructuring as well as asset and development management, with This Property Matters (TPM) appointed as property manager to provide a coordinated approach to strategic oversight, refurbishment and day‑to‑day operations.

Working alongside the lender and ownership group, Trinova will implement a joined‑up business plan for the assets, focusing on stabilising income, enhancing occupier experience and delivering targeted investment, including selective refurbishment, ESG‑aligned upgrades and potential repositioning or alternative‑use initiatives where supported by market fundamentals. The collaboration between Trinova and TPM is designed to align capital structure decisions with asset‑level initiatives and operational delivery, ensuring that loan restructuring, asset management and property management are closely integrated throughout the process.

James Kim, Vice President, Investments at Trinova, added:
“This mandate reflects the lender’s proactive approach to managing a complex capital structure and is a clear vote of confidence in our ability to deliver a coordinated solution. By leading the loan restructuring process while also taking on the asset and development management, we can align stakeholder objectives, support income stability and implement a clear, value‑focused business plan for the portfolio. Our role is to provide structure, transparency and execution across both the loan and the real estate, and to position these assets for long‑term performance within their respective markets.”

Sam Resouly, Head of Asset and Development Management, commented:
“We are pleased to take on the asset and development management mandate for Equinox and Future House, working alongside TPM as property manager to deliver a fully integrated service. Our focus will be on targeted capex to improve building amenity, ESG performance and occupier experience, while driving leasing momentum and ensuring that day‑to‑day operations support the wider strategic plan. By combining our asset and development capabilities with TPM’s property management expertise, we can ensure the portfolio is managed holistically, with clear alignment between stakeholder objectives and what occupiers need from modern workplace assets.

Future House, Staines

Equinox, Glasgow