Cushman & Wakefield has announced the renewal of six Integrated Facilities Management (IFM) contracts across New Zealand.
The commercial real estate services firm said the renewals have enabled the company to achieve a 100 percent renewal rate without undergoing market testing.
The renewed contracts span several key sectors, including banking, communications, infrastructure and government.
The combined value of the renewed contracts amounts to $15.26 million (US$10 million).
“In a competitive and cost-conscious market, retaining every single contract without market testing speaks volumes about the trust our clients place in us and the consistent value we deliver,” Cushman & Wakefield New Zealand managing director Paul Huggins said.
Cushman & Wakefield regional contracts
In July, Cushman & Wakefield’s Whole of Australian Government (WoAG) Property Services Arrangements came into effect. The appointment is for five years, with the option to extend for a further four years.
By way of that agreement, the firm is now responsible for delivering integrated property services for a number of Commonwealth entities, including office accommodation, public-facing facilities, specialist buildings and select residential properties.
According to the company, it has recruited nearly 90 staff to service this agreement, with around half of them based in Canberra to ensure proximity to government stakeholders.
To further support its operations, the company has also implemented advanced financial and property management systems, and streamlined data handling, downstream procurement, lease planning and facilities management.
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