Under the new contract Incentive FM, one of the UK’s leading independent facilities management companies, will continue to handle the facilities management for all NBS locations, constituting over 68 buildings located in Nottinghamshire, Leicestershire, Derbyshire, Cambridgeshire, Hertfordshire, Lincolnshire, Northamptonshire, Norfolk, Staffordshire and South Yorkshire.

The fully integrated solution includes all cleaning, security, M&E, building fabrication and maintenance services. In addition, Incentive FM will support all health and safety, fire safety, and water safety requirements across the portfolio. The operation will continue to be supported by a web hosted CAFM help desk system (Concept Evolution) to enable all personnel access to information about asset management and service requirements to further improve communication flows.

Tim Neal, Premises & Facilities Manager at NBS, said: “It is important that our building portfolio is efficiently managed, creating a good environment for both our staff and customers. Over the past 16 years IncentiveFM has proven that they not only understand the importance of this but also have the skills and knowledge to achieve it to support our ongoing growth.”

Glenn Wilson, operations director at Incentive Facilities FM, said: “This contract renewal and extension demonstrates our ability to form long term relationships, delivering ongoing improvements and driving upstandards.”

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A report on Shares Magazine reads: “The company acquired a 48,000 square feet warehouse had been acquired in Avonmouth, let to Chep at a rent of £0.7m pa, subject to annual RPI linked reviews of between 2% to 4%.” In addition, “the company also acquired an 80,000 square feet warehouse in Cambridgeshire, let to Cambridge Commodities at a rent of £0.5m pa, subject to five yearly RPI linked reviews of between 2% to 4%.”

Andrew Jones, chief executive of LondonMetric, said: “These two modern warehouses are fully income generating, let for an average of 13 years to established occupiers and benefit from guaranteed rental growth.

“Following these acquisitions, our urban logistics portfolio is approximately £420 million and we will continue to take advantage of selective opportunities to grow our urban logistics portfolio above £500 million in the near term.”

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