London, 27th April 2023 - BNP Paribas Real Estate has been appointed by National Grid UK Limited to deliver land management and transaction services, following a robust and comprehensive procurement process via a Negotiated Procedure Route (AfIBA reference is WS3204239589), subject to Utilities Contracts Regulations 2016 (UCR).
BNP Paribas Real Estate has been awarded an initial five year contract, which includes the option to extend for up to an additional three years (five plus three).
National Grid is one of the world’s largest publicly listed utilities focused on transmission and distribution of energy and lies at the heart of a transforming energy in the UK.
As Europe's leading property manager, with over 45 million sq m under management, BNP Paribas Real Estate is perfectly positioned for National Grid’s strategic programme which will look to deliver clean reliable energy for customers, communities and stakeholders. As a trusted partner, BNP Paribas Real Estate will provide an innovative property strategy covering sales, lettings, agency services, rent and service charge, associated treasury, business rates and land management.
The contract award is aligned to National Grid’s current and future needs and shared core values to drive positive change and a roadmap to net zero through maximising the societal potential of the portfolio.
Louise Barnes, senior director, property management at BNP Paribas Real Estate commented: “National Grid were seeking best-in-class strategic partners to help them deliver their ambitious property strategy whilst ensuring effective risk management, health and safety, and a fit for purpose compliant estate.
“Our approach is underpinned by a focus on customer experience, ESG integration and technical excellence. We look forward to developing our property management partnership with National Grid and supporting it through the delivery of consistent and high quality property and property-related financial management services.”
Julian Gaynor, senior director, head of development and strategic land agency for BNP Paribas Real Estate added: “This is a truly transformational phase of National Grid’s property strategy in the UK. We are incredibly proud to be supporting them and look forward to deploying our significant experience in the utilities sector to deliver on National Grid’s innovative programme.”
Prem Gabbi, director of UK land and property at National Grid commented: “Working together with our supply chain, we are embedding a results-driven culture as we strive to continue delivering for our customers and achieving our ambitious targets around net zero and the clean energy transition.
“We look forward to strengthening our relationship with BNP Paribas Real Estate as we provide the critical services to wider National Grid that keep the lights on and the energy flowing for millions of British households.”
