Asset management firm secures major property contract with City of London Corporation

28 February 2013

An asset management solutions provider has secured a major contract with the City of London Corporation

REAMS (Real Estate Asset Management Solutions) has been appointed by MITIE Technical Facilities Management to conduct asset surveys and undertake life cycle planning for over 800 properties belonging to the City of London Corporation, in a contract worth £250,000.

The City of London Corporation provides local government and policing services for the financial and commercial heart of Britain, the 'Square Mile'. It also provides facilities for the Central Criminal Court at the Old Bailey.

REAMS will undertake detailed surveys of the City’s property portfolio and produce consultancy reports on how best to manage its asset portfolio to ensure it complies with all relevant legislation.

Properties covered by the six-month contract include The Barbican, Guildhall, The Old Bailey and City of London Police.

Founded in 2007 and headed by Managing Director Alistair Clements, REAMS provides asset management and condition surveys to large facilities management providers across the UK.
It helps clients reduce cost, ensure compliance, prolong asset life and increase building availability for businesses and property owners.

REAMS’ client base includes leading facilities management firms Interserve, ISS and Johnson Controls. It was recently appointed preferred estate asset management supplier to MITIE, a strategic outsourcing and energy services company, through which it secured its latest contract win.

The firm, which employs six people at its Barry headquarters, has a turnover of £900,000, and says this new contract will help achieve its target of £1.5m turnover in the next financial year.

Alistair Clements, Managing Director of REAMS, said: “We are extremely pleased to have secured this contract. We have built a strong reputation for delivering exceptional asset management services and this further cements our position in this growing and competitive marketplace.”