Highways England has awarded Carter Jonas a national property management, enquiries, sales and estates contract in a deal that could be worth close to £20m.
Carter Jonas is due to start the contract on 1 April 2018 and will manage a portfolio worth an estimated £100m covering more than 900 assets around England across the commercial, rural and residential sectors.
Under the deal, which is worth £6.6m a year for a period of up to three years, the firm will undertake acquisitions and disposals as well as providing landlord and tenant, professional advisory and treasury services.
James Greenway, director estates and facilities at Highways England, said: ‘We are delighted that Carter Jonas will become our new partner for property advice and management. Carter Jones has a strong reputation for professionalism, teamwork and integrity and we are looking forward to working with them to maximise our property returns.’
Mark Hall-Digweed, partner and head of infrastructure at Carter Jonas, said: ‘The scale and geographical reach of this contract is a testament to our team’s ability to manage large, national portfolios from our network of 38 office locations across the UK. Our appointment also demonstrates the continuing success of Carter Jonas’ long-term strategy to actively pursue business, which strikes a balance between transactional and non-transactional work.’
