Derwent FM wins £4.3m LaSalle deal
Derwent FM has been awarded a five-year contract to provide facilities management services for LaSalle Investment Management on three of its client’s student accommodation assets.
The deal worth almost £4.3 million will see the national provider deliver hard and soft facilities management services for Shand House, a 193 bedroom student residence in Cardiff; the Hub, a 93 bedroom facility in London and the Mews in Oxford, which has 112 bedrooms.
Derwent FM will provide maintenance, cleaning, post, laundry, security and key Holding, IT & internet and utilities management. It will also undertake a number of student services including marketing, lettings, rent setting, relationship management and room allocations LaSalle Investment Management acquired the portfolio of three student accommodation assets on behalf of clients in October 2014 from IP Global Limited and the Mansion Group in an off-market transaction for £46.5 million …