BDC

National Grid Awards New Contract To BNP Paribas Real Estate

National Grid’s property business is pleased to announce that it has awarded a three year contract to BNP Paribas Real Estate, to provide property management, real estate and facilities management for its commercial property portfolio.

Richard Alden, Head of Commercial Property at National Grid said, “BNP Paribas Real Estate demonstrated its ability to reduce risk across a property portfolio, whilst maximising value and driving efficiency.

“BNP Paribas Real Estate will start full delivery of services from 1 April 2016 and will start transition work from the existing provider, in early September.”

Paul Abrey, Head of Property Management at BNP PRE says: ‘We are delighted to partner with such a prestigious client as National Grid across their portfolio in what is a very significant contract for us. The appointment validates our business model and demonstrates our ability to provide major cross business line services on a national scale, as well as showing confidence in our account management approach – something that we have recently invested significantly in to reinforce our long term commitment to our most important clients.’

BNP PRE has strategically partnered with Mitie to provide some of the direct Facilities Management services of the contract such as security and landscaping.

The three year contract starts in April 2016 and also includes an option to extend the contract for a further two years.

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BDC 301 February 2023