History

Mapeley was formed in 1999 to invest in UK real estate leased to high quality tenants, initially by capitalising on the growing trend of UK government and corporate occupiers of selling property portfolios and outsourcing the management of their leasehold estates.

Mapeley’s first two major acquisitions were Abbey National’s UK occupational portfolio (2000) and the  HMRC portfolio (2001) - the portfolio of the departments of the Inland Revenue, HM Customs & Excise, and Valuation Office Agency.

In 2004 Mapeley made its first direct property investment and has since then acquired properties at a cost of approximately £840 million.

In March 2006, Mapeley was awarded its second outsourcing contract with the government, with the Identity and Passport Service. This contract is to acquire, fit-out and service 69 interview offices across the UK.

The size and diversity of Mapeley’s property portfolio has enabled Mapeley to develop significant property management expertise, first hand knowledge of regional markets, relationships and contacts with local owners, brokers and tenants and an understanding of the needs and behaviour of public sector and corporate tenants.