The Biggest & Best Portal to the Professional Property, Workplace and Built Environment Community

Sunday, 25 February

Lights, Camera Action - It's FM Digest time

Sodexo wins 10-year deal with Farnborough International

Farnborough International Exhibition & Conference Centre has given Sodexo a 10-year contract, £30 million deal.

Sodexo will deliver conference, banqueting and events services in addition to providing flexible retail services tailored specifically to each event. Sodexo Prestige Venues & Events will support sales and marketing activity.

The Farnborough International Exhibition & Conference Centre will become the largest exhibition space in the south of England outside London, with 12,500sq.m event space, 2,500 conference seats and 14 multi-purpose function rooms.

Michael Watton, Farnborough International Exhibition & Conference Centre venue director said: “Sodexo Sports & Leisure have taken the essence of our brand – pioneers in aviation – and interpreted it through a new and vibrant range of food and drink offers. Although still at concept stage, event delegates and visitors will be excited by the variety of concepts specifically developed for us.”

 

Forestry Commission Logs into FM

Salisbury Group have won a competitive tender to provide cleaning, security & support services for up to five years at Silvan House in Edinburgh, the head office of Forestry Commission Scotland and shared UK services for the Forestry Commission.

The 90,000sq.ft five storey building is prime office space, and was bought for £18 million in May this year by a property investment company. It currently also houses Scottish National Heritage, the Scottish Environment Protection Agency, and the Department of Works and Pensions.

Nigel Buckett, Commercial Director for Salisbury Group, said: “With several Scottish Government environmental agencies in the building, it’s not surprising that sustainability is a big factor in their business procedures. Sustainable practices are embedded into our FM services and we feel that this was an important factor in winning the contract.”

 

Bellrock appoints new MD

Bellrock has appointed Nina Bawden as the Managing Director of the private sector division. Bellrock focuses the retail & leisure, healthcare, corporate and education sectors.

 

The UK building and facilities services sector has grown by £15 billion since 2011, with a total UK market value of £125 billion in 2016, according to the latest research from Livingstone, the international mid-market merger & acquisition and debt advisory firm.

Livingstone’ analysis also shows a resurgence in M&A activity over the past 5 years, with a 96% increase in overall deal activity occurring since 2012, from 26 transactions to 51 in 2016 - and over 20 deals already made so far this year, nearly as many as were made in the entire of 2012.

The results point to a degree of resilience within the M&A market despite the political and economic uncertainty associated with geopolitical changes such as Brexit. Furthermore, the analysis points to renewed foreign interest in UK assets associated with the building and facilities services sector incentivised by a stable economy and weak pound. Examples of transactions include Land Engineering by Idverde this month, Westway by ABM and Trios group by SPIE.

Hard facilities services, such as maintenance, refurbishment and mechanical services have made up the majority (59%) of M&A activity over the past 5 years, with Mechanical and Electrical (M&E) being the most popular sub-sector, accounting for 29% of deal volume over the period. There has been a large spike in M&E transactions in the past 2 years especially, with 43 deals being made in 2015-16 compared to just 23 for the period of 2012-14.

Jeremy Furniss, Partner at Livingstone, said on the findings: “The M&A markets have demonstrated great resilience in the face of daunting levels of uncertainty driven by the slew of geopolitical developments, not least of which is the growing reality of the UK operating outside of the EU.

“In many ways, this should not surprise us. The UK has always enjoyed a head-start in developing innovative solutions which the rest of the world has increasingly shown interest in accessing through acquisition. However, as the pressure to address escalating employment costs and regulatory scrutiny grow, the UK’s talent for innovation and creativity will have to rise with it.

 “For the time being though, the UK’s place as a facilities and services market of strategic interest to the rest of the world is likely to sustain deal activity well into the foreseeable future.”

 

Atkins secures place on government supplier framework

Atkins has secured a place on the Crown Commercial Services Project Management & Full Design Team framework. Under the agreement, Atkins will provide architectural services; civil and structural engineering services; and building services engineering.

The framework can be used by organisations across the UK public sector including central government, local government, health, education, devolved administrations, emergency services, defence and not-for-profit organisations.

The agreement, which runs for 2 years with an option to extend for a further 1+1 years, supports the Government’s policy to centrally manage the procurement of common goods and services through an integrated commercial function at the heart of government.

 

Belfast Harbour studios

Belfast Harbour has appointed CBRE to provide management services for Belfast’s newest film studio. The £20 million studio project built on an 8 acre site (at Giant’s Park), comprises 125,000 square feet of studios, accompanying workshops and production offices.

Graeme Johnston, Property Director, Belfast Harbour said: “These are the most modern studios in Europe, designed in liaison with NI Screen and potential customers to meet the needs of global tenants. We have received very positive feedback from the industry and are actively pursuing a number of leads.  Production companies operate to exacting standards and CBRE will bring a wide range of skills to its role managing the facility.”

Gerard McCann, Director, Asset Services at CBRE said: “We currently have more than 5.5 million sq.ft of assets under management locally. Alongside the traditional property and facilities management services the studios will have a unique set of requirements which we will be overseeing.”

Picture: CBRE at the Belfast Harbour Studios

 

Article written by Brian Shillibeer

Share



Related Articles

British FM Expertise Fuels M&A Activity

The UK building and facilities services sector has grown by £15 billion since 2011, with a total UK market value of £125 billion in 2016, according to the...

 Read Full Article
Prospects & Prospecting & A Little Separation

The results of the BIFM Pay and Prospects Survey 2017 have highlighted the tangible benefits that FM professionals gain from BIFM membership and qualifications, it is...

 Read Full Article
It's Bigger. It's Better. The TWinFM FM Digest Is Here

Carillion was in the doo-doo on Friday 17...quite deep doo-doo given the company's Board openly declared the firm had no choice but to renege on promises it had given...

 Read Full Article
Innovation Boosts FM Market in 2017

A new report on the UK facilities management market has found a softening of growth in outsourcing demand as Brexit jitters continue, though forecasts remain above GDP...

 Read Full Article
Ring-a-ring O' Ringrose's, A-tishoo! A-tishoo! Shares Fall Down

“Despite the increased political and macro-economic uncertainty following the UK’s EU referendum and recent general election, our outlook for the current year...

 Read Full Article
London Living Wage, Diversity and Training at Heart of TfL Plan

Transport for London has awarded a new cleaning contract to ABM UK meaning 2,800 people will be guaranteed the London Living Wage. ABM has also committed to offer...

 Read Full Article
Swings Gain. Roundabouts Loss

Serco's half year results may look a little down, yet as the company were quick to explain, they include: ·      £11m of...

 Read Full Article
A Connected Disconnect?

Mitie has made its preliminary announcement of results for the year ended 31 March 2017 under the banner 'Moving Beyond FM to the Connected Workspace'. Some...

 Read Full Article
Firm Presumption at Livingston

ABM?UK has been awarded a three year contract to provide The Centre, Livingston with a range of facilities management services. The Centre is managed by global real...

 Read Full Article
Kop the Lot or Never Walk Alone?

Incentive FM Consultancy, part of the Incentive FM Group, has started the next phase of its work with Liverpool Football Club. This involves a full review of the existing...

 Read Full Article