Amey and specialist property company Arrowcroft have formally announced their outsourcing joint venture as reported on i-FM last year (see News story).

The new jv company Amcroft will deliver management services to clients with large property estates operating on a fee and shared reward basis. Both Amey and Arrowcroft are members of the Foresite consortium bidding to take on the BBC's property portfolio (see News story).

Nicholas Hai, chief executive of Arrowcroft said: "This is an exciting development for Arrowcroft and formalises a long-standing working relationship with Amey. Focusing both companies’ strengths through Amcroft will sharpen our proposition still further and will ultimately drive benefits through to our clients."

Amcroft will target corporate and public sector organisations looking for innovative property solutions. The company already has six corporates and a number of PFI-style tenders on its target list, said John Robinson, MD of Amey Technology Services into which Amcroft will fit.

“We are delighted to have formalised the existing and long-term relationship that we have with Arrowcroft with the formation of Amcroft. The new venture has been engineered to target businesses and projects where the strengths of its parents can add value to property asset bases whatever form they take," said Robinson, "Clients will benefit from a single point of contact that covers all aspects of property development, facilities and estate management – and behind that point is a company equipped with the skills, experience, financial strength and extensive resources to implement the next generation of intelligent property solutions.”

Richard Byatt

www.amey.co.uk