Capita’s property management team has been awarded a contract by GE Capital Real Estate UK for the management of a 23 property portfolio.
The company will provide a full property management and FM service to the portfolio which consists of 17 office buildings - six of which are located in London - and six industrial properties.
Ben Walker, head of equity asset management at GE Capital Real Estate UK, commented: “This move brings all GE Capital Real Estate UK property under management by Capita. We believe that this will bring real benefits to the portfolio including cost efficiencies, a streamlined service and reporting function as well as the implementation of portfolio wide initiatives that will benefit our tenants.”
Clive Stringer, director - prestige property management at Capita, added: “We have worked with GE Capital Real Estate UK since 2008 and are extremely pleased to have secured this new instruction, which adds significantly to the existing portfolio that we have under management on its behalf. We look forward to further building our relationship with the GE Capital Real Estate UK team.”
Capita Real Estate and Infrastructure work with public and private sector organisations to design, build and optimise their real estate and infrastructure assets. From thought to finish, we apply our combined expertise to achieve more from the entire built environment.
We build competitive advantage through intelligently applied real estate and infrastructure solutions and enhance our clients’ standing in a forever-changing world.