Carillion, in joint venture with CBRE, has won a £100m property management contract with Stockport council.
The contract will run for ten years, with an optional extension for a further five, and will see the firms carry out strategic management of all the council’s property services.
Its value is said to have the potential to grow “significantly” through increases in the scale and scope of delivery.
The JV, known as the Stockport Strategic Property Partnership, will be established in September 2013 to transform the council’s portfolio and deliver savings.
There will also be an opportunity to provide similar services to other Greater Manchester Councils, who will be able to procure from the JV.
Carillion is to provide estates, facilities and energy management as well as capital project support.
Carillion will also have an exclusive option to provide operational professional services, including estates management and design work, currently delivered by NPS Stockport.
Carillion chief executive Richard Howson said he believed the win “one again reflects our ability to provide integrated service solutions that enable local authorities to reduce costs without sacrificing service quality.”