Trades & Services : Property & Facilities Management News

Carillion partners up for schools renewal deal

A Carillion joint venture – PSBP Midlands – has achieved financial close on the Midlands Priority School Building Programme, a 25-year private finance concession contract (a public-private partnership) using the government’s PF2 model.   The Midlands Priority School Building Programme aims to improve education facilities and outcomes for the students

Read More »

Cofely wins £40m TFM deal with Kingston council

Cofely has been awarded a total facilities and property management contract by the Royal Borough of Kingston upon Thames in south-west London. Encompassing about 80 corporate (non-housing) properties, the contract is initially for seven years with the option to extend it to a further three years. It is expected to

Read More »
Latest Issue
Issue 335 : Dec 2025

Trades : Property & Facilities Management News

Carillion partners up for schools renewal deal

A Carillion joint venture – PSBP Midlands – has achieved financial close on the Midlands Priority School Building Programme, a 25-year private finance concession contract (a public-private partnership) using the government’s PF2 model.   The Midlands Priority School Building Programme aims to improve education facilities and outcomes for the students and staff in the eight schools listed below by replacing existing substandard buildings.    The new schools will be constructed over a two-year period to high standards of sustainability and provide facilities to support teaching and learning in addition to providing new facilities for the local community.   Carillion expects to invest some £5.5 million of equity in the project and Carillion will also build the schools at a capital cost of £138 million. It will also deliver hard facilities management and life-cycle maintenance services that are expected to generate about £49 million of revenue over the life of the concession contract.     Carillion will use this project as an opportunity to provide training and apprenticeship opportunities as well maximising the use of local suppliers.       Richard Howson, chief executive of Carillion, said: “This latest project has been an excellent example of collaboration between the public and private sectors and we look forward to working with the Education Funding Agency to deliver state-of-the-art facilities to support its objectives for creating outstanding learning environments for students”.   Schools in the Midlands Priority Programme:   Alfreton Grange Arts College, Derbyshire ARK Kings Academy, Birmingham Greenwood Academy, Birmingham Plantsbrook School, Birmingham President Kennedy School, Coventry The Phoenix Collegiate, Sandwell The Queen Elizabeth Academy, Warwickshire Top Valley Academy, Nottingham   – See more at: http://www.fm-world.co.uk/news/business-news/carillion-partners-up-for-schools-renewal-deal/#sthash.9c5EuUO5.dpuf

Read More »

Cofely wins £40m TFM deal with Kingston council

Cofely has been awarded a total facilities and property management contract by the Royal Borough of Kingston upon Thames in south-west London. Encompassing about 80 corporate (non-housing) properties, the contract is initially for seven years with the option to extend it to a further three years. It is expected to deliver £20 million of direct savings over the life of the contract. In addition, a framework agreement will be established alongside the main contract for similar services to be accessed by schools in the borough at preferential rates. The deal will see integration of property maintenance, facilities and energy management and procurement to drive down costs, improve performance and service delivery, while reducing energy use and carbon emissions. In parallel, there will be “a transformation of the council’s corporate property to release significant value and generate new income streams through commercialising the estate and assets”. A key element of the new partnership between Cofely and Kingston is a commitment to social values to generate significant benefits for the local community. These include creation of local apprenticeships and employment of local people, with guaranteed training for all staff, as well as the development of supply relationships with local businesses. Cofely staff will also engage with local community volunteer programmes and provide work experience opportunities for schools that source services through the framework agreement. Councillor David Cunningham, of the Royal Borough of Kingston upon Thames, said: “We were seeking a partner that is able to work with us strategically in identifying opportunities to create additional value from our property portfolio while also delivering significant cost savings.” Cofely CEO Wilfrid Petrie added: “Through our experience of working with other local authorities we are ideally positioned to bring significant benefits to the Royal Borough of Kingston and its residents.” – See more at: http://www.fm-world.co.uk/news/business-news/cofely-wins-40m-tfm-deal-with-kingston-council/#sthash.Vbcwc9Rn.dpuf

Read More »