Member Article

Stockport Council's JV to manage property portfolio

Stockport Metropolitan Borough Council (SMBC) has selected Carillion and its partner CBRE as the preferred bidder to form a Joint Venture company with the Council to be responsible for the strategic management of all the Council’s property services.

The contract is initially expected to be worth over £100 million, with the potential for “significant growth” through increasing the scale and scope of service delivery. The Joint Venture, to be known as the Stockport Strategic Property Partnership (SSPP), will be established in September. The aim is to transform the Council’s property portfolios.

It’s expected to deliver substantial savings for the Council, while maintaining high-quality services. The Partnership will initially be for 10 years, with the option to extend for a further five years. Carillion will provide strategic advisory services for estates management,facilities management, energy management and capital projects, with CBRE delivering strategic asset management and development advice.

Carillion Chief Executive, Richard Howson, said: ’’We are delighted to have been selected for this strategic partnership with Stockport Metropolitan Borough Council.

I believe this further success in the Local Authority outsourcing market once again reflects our ability to provide integrated service solutions that enable Local Authorities to reduce costs without sacrificing service quality.“

This was posted in Bdaily's Members' News section by Simon Malia .