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DERWENT FM SECURES LASALLE CONTRACT WIN

30 January 2015

Derwent FM has secured a five-year contract worth almost £4.3m to provide facilities management services for LaSalle Investment Management on three of its client’s student accommodation assets

Derwent FM has secured a five-year contract worth almost £4.3m to provide facilities management services for LaSalle Investment Management on three of its client’s student accommodation assets.

The deal will see the national provider deliver hard and soft facilities management services for Shand House, a 193 bedroom student residence in Cardiff; the Hub, a 93 bedroom facility in London and the Mews in Oxford, which has 112 bedrooms.

Derwent FM will provide maintenance, cleaning, post, laundry, security and key Holding, IT & internet and utilities management. It will also undertake a number of student services including marketing, lettings, rent setting, relationship management and room allocations.

John Yeend, director, LaSalle Investment Management, said: “The three assets are located in established university cities where there is strong demand for high specification accommodation. We sought to identify a facilities management service provider that would be able to deliver a service to match the assets’ premium brand. Derwent FM’s significant experience in the student accommodation sector and reputation for seamless delivery made them the natural choice for these assets.”

Steve McDonough, managing director, Derwent FM, said: “We are proud to have been appointed for this contract and to be working in partnership with LaSalle Investment Management. The deal sees us further strengthen our position in the South and the Home Counties, as well as secure our first scheme in Wales.”

LaSalle Investment Management acquired the portfolio of three student accommodation assets on behalf of clients in October 2014 from IP Global Limited and the Mansion Group in an off-market transaction for £46.5m


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