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Osborne scoops £140m property services deal

Osborne has landed a £140m property services deal with Slough Borough Council.

The contractor will provide repairs, compliance, M&E works and investment services for the council’s 7,000 homes as part of the seven-year contract.

Some Osborne employees will move into the council’s offices in Slough as part of the deal.

Osborne Property Services account director Alan Perrett said: “With access to [Slough council] assets we will be able to fully understand and manage each property across the borough.”

Osborne Communities division managing director Nick Sterling revealed to Construction News in April that the group wanted to position itself as more of a housing services provider than a contractor.

The company told CN it aimed to “de-risk” its business by pushing ambitious growth plans for its housing arm Osborne Communities.

As part of a strategic shake-up of the business, the group is targeting the “booming” housing services market, Mr Sterling said, although it will continue operating in construction.

Osborne chief executive Andy Steele also outlined the group’s plans to grow its social housing division over the next five years to Construction News in December last year.

He stated the group’s plans are to reduce the proportion of the firm’s revenue coming from its construction division from 50 to 30 per cent.

Mr Steele said the size of the construction division would continue to grow but would make up less of the overall size of the group by 2020/21.

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