News on 22 December 2000
GVA Grimley has won a five year contract with Cable &
Wireless Global, part of telecommunications group Cable & Wireless
plc, to manage C&W’s entire property portfolio in the UK and
Ireland, some 800 properties totalling almost 150,000 sq m.
The international property adviser will provide a total estate management
service, including responsibility for the Cable & Wireless property-related
treasury function as well as strategic advice on the future direction
of its portfolio. Members of the Cable & Wireless property team will
transfer to GVA Grimley under TUPE.
Michael Corbett, chief executive of GVA Grimley, said: “This is an
excellent example of a large company taking full advantage of skilled
property professionals in a partnering arrangement with an external service
provider. From our longstanding relationship with Cable & Wireless,
we fully understand the link between their day-to-day property needs and
longer term strategic direction. In secuting the contract, GVA Grimley
believes it was able to offer a winning combination of a strong track
record working with Cable & Wireless and a dedicated telecoms team
with direct experience of the industry.”
“This new contract will build upon the successful relationship that
has been established between the two companies. In managing Cable &
Wireless’ extensive UK portfolio, GVA Grimley will deliver commercial
best practice, driving down the company’s property costs and providing
strategic advice to ensure the future physical needs of the business are
constantly reviewed and aligned to the corporate strategy,” adds
Roger Hitchcock, vice president of facilities and property, Cable &
Wireless.
