Contract wins propel Eddisons' public sector property and land portfolio to £1bn

Contract wins propel Eddisons' public sector property and land portfolio to £1bn

A string of council contract wins has propelled the value of Eddisons’ public sector property and land portfolio on which it advises to over £1bn.

The contracts were secured via Eddisons status as a newly approved supplier on the Government’s Crown Commercial Service (CCS) estate management services framework.

Since October last year, Eddisons’ public sector team has added Cambridgeshire, Reading and Dudley councils to its list of local authority clients, which also includes Southampton, Enfield, Blackpool, Peterborough and Kirklees councils.

Reading Borough Council has appointed Eddisons to bring the site of its former Civic Centre, which was demolished in 2016, to the market this summer through a formal procurement process.

A major development opportunity, the site is expected to attract high levels of interest from prospective investors.

Eddisons has also been appointed by Dudley Council to provide land assembly advice, combining adjacent parcels of land to form a single site, on the town’s multi-million-pound Portersfield and Castle Hill regeneration schemes.

Eddisons’ head of public sector, Javid Patel, said: “As local authorities and other public sector organisations increasingly turn to us for fresh ideas and new direction on stalled capital projects and masterplans, we are rapidly building a reputation for bringing innovative new thinking to problematic portfolios and development sites.

“As we emerge from the pandemic, clients are seeing immense value in appointing us as an alternative adviser in areas such as build to rent (BTR), residential, extra care housing, commercial portfolios and town centre regeneration.

“We look forward to growing our market share in the public sector still further as part of our wider strategic business plan.”

Eddisons was confirmed as an approved supplier on the CCS estate management framework in summer last year. The framework is available to all UK public sector bodies when commissioning real-estate advice.