National Grid has appointed BNP Paribas Real Estate to provide property management, real estate and facilities management for its commercial portfolio.
Head of commercial property Richard Alden said: “BNP Paribas Real Estate demonstrated its ability to reduce risk across a property portfolio, while 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.”
BNP PRE head of property management Paul Abrey said: “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.”
The three-year contract starts in April 2016 and includes an option to extend the contract for a further two years.
