The Government Property Agency (GPA) has agreed a two-year extension of its national property management and finance-related services contract with BNP Paribas Real Estate.
The renewed agreement will see the firm continue to manage an estate of more than 250 assets across the UK, following a successful three-year term, which commenced in 2022.
BNP Paribas Real Estate provides a fully integrated service to the GPA that combines property management with financial reporting alongside strategic advice to maximise the value-for-money for the government office estate.
Vanessa Forster, GPA contract director at BNP Paribas Real Estate, said: “This contract extension allows us to continue supporting the GPA in delivering a high-performing, value-for-money, efficient and socially responsible public estate. Managing such a large and varied portfolio requires a deep understanding and expertise whilst coordinating delivery from operational complexity to strategic overview, but also a shared vision for what great public sector property management looks like. This extension reflects the strength of our partnership and the tangible impact we’re making together.”
Jane Hunt, interim director of property services at the GPA added: “We are pleased to be renewing our partnership with BNP Paribas Real Estate and look forward to continuing to work alongside the company to provide effective property-related financial management services. This extension underlines our commitment to strengthening strategic relationships with our private sector partners as we strive to deliver a smaller, better and greener government office estate that enables regional growth and provides efficient workspaces for civil servants.”
