Stockport Metropolitan Borough Council (SMBC) has selected Carillion and its partner CBRE as the preferred bidder to form a Joint Venture company with the Council that will be responsible for the strategic management of all the Council's property services.

The contract is initially expected to be worth more than £100m, with the potential for this to grow significantly through increasing the scale and scope of service delivery.

The Joint Venture, to be known as the Stockport Strategic Property Partnership (SSPP), will be established in September 2013, with the objective of transforming the Council's operational and non-operational property portfolios.

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The Joint Venture will deliver substantial savings for the Council, while maintaining high-quality services. The Partnership will initially be for 10 years, with the option to extend this for a further five years.

The Joint Venture will also have the opportunity to provide similar services to other Councils within the Association of Greater Manchester Authorities (AGMA), because they will have the option to procure services from the Joint Venture without the need for further procurement processes or costs.

Carillion will provide strategic advisory services for estates management, facilities management, energy management and capital projects, with CBRE delivering strategic asset management and development advice.

Carillion Chief Executive, Richard Howson, said: "We are delighted to have been selected for this strategic partnership with Stockport Metropolitan Borough Council.

"I believe this further success in the Local Authority outsourcing market once again reflects our ability to provide integrated service solutions that enable Local Authorities to reduce costs without sacrificing service quality."

(CD/JP)