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FM Report 207 - Friday 19th October 2007

19 October 2007

The latest FM news direct to your desktop

Balfour Beatty acquires Covion
Balfour Beatty has acquired Covion, the facilities infrastructure services business from its management and private equity investors. Covion will become part of Haden Building Management, Balfour Beatty's FM arm. The move strengthens and extends Balfour Beatty's reach in FM, and its strategy of offering integrated service packages, extending white collar skills and increasing private sector presence.

Alfred McAlpine rejects bid from Carillion
In response to an announcement by Alfred McAlpine, Carillion has confirmed that it has approached the Board of Alfred McAlpine with a view to entering into discussions about a possible offer for the company at 570p per ordinary share. The bid was rejected. The restructuring of Alfred McAlpine, which includes the creation of a separately listed Business Services Group, is scheduled to be completed by Spring 2008. Carillion says it will continue to evaluate all strategic opportunities, including Alfred McAlpine.

Credit crunch hits property development
The knock-on effect of the US sub-prime market could possibly lead to reduced numbers of speculative developments and drive up prices of major schemes, says EC Harris. According to Martin Silvester, the Midlands' leader of the Lenders and Investor sector at EC Harris in Birmingham, the credit crunch will inevitably bring different challenges to the way major projects and schemes are being planned, funded and developed.

Scottish FM wins contracts in Egypt
A JV company set up by Scottish FM specialist, Key Facilities Management, has picked up two contracts just weeks after opening an office in Cairo. Key MENA, a joint venture between Key FM and the Dar Al Mimar Group, will manage five multi million dollar developments across Egypt from Cairo, to the Red Sea and along the northern coast of Egypt on behalf of the development company, Mountain View.

ODA to hold security industry day
Companies with an interest in the following fields are invited to attend this industry day on 24th October are invited to enroll. The ODA requires a significant security solution to support its delivery of the venues and infrastructure for the London 2012 Olympic and Paralympic Games to meet the security and safety needs during the construction and legacy phases of the Olympic Park.

Incentive FM launches Incentive Workplace
Incentive FM has launched a new service, 'Incentive Workplace' which will offer clients a full suite of design and fit out services. A JV with Ideal Interior Solutions, it will target clients who are looking to change or update aspects of their working environment such as offices, reception areas, meeting rooms and staff restaurants.

Commuters asked to be smarter
National Commute Smart Week from Sunday October 28 to Saturday November 3 I is aimed at encouraging smarter working practices. The week follows on from the success of Commute Smart Day last year (November 1) which was viewed as a huge success by all those involved, warranting an extension of the initiative this year to a week so that the full benefits of smart commuting can be experienced.

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