Capita Symonds is one of the UK's largest, multidisciplinary consultancies operating in the building design, civil engineering, environment, management and transport sectors.
The NB Real Estate service offer completes a unique range of services offered by Capita Symonds, spanning the real estate lifecycle. NB Real Estate brings front end advisory and acquisition, and ongoing property and asset management expertise to Capita Symond’s project design, development and management capabilities.
Mark Norris, Executive Director, Capita Symonds, says: “The NB and Capita Symonds businesses are highly complementary – in terms of differing client bases as well as professional services. Our multi-faceted offering will enable us to engage with clients at a programme’s inception, providing a full integrated service across the whole project and investment lifecycle, and also an integrated single-source property asset management service to both new and existing clients, characterised by recurring revenue streams and long term business to business relationships. The pressure on public sector spending and the wider UK economy will continue to drive organisations to consider more innovative and cost efficient ways of managing their property assets, and this acquisition provides an excellent platform for the enlarged business to take advantage of this market opportunity.”
Michael Hatt, Chief Executive, NB Real Estate, says: “As part of Capita Symonds we will continue to offer our current clients a great service delivered by high quality trustworthy people. In addition, we’ll be able to extend the services we can offer them and new clients, bringing economies of scale and efficient service delivery across multiple disciplines. This is a great step forward for our clients and our staff.”
The deal is Capita Symonds’ largest ever acquisition and its seventh in under two years. With over 4,000 staff in over 60 UK and international offices Capita Symonds offers an unrivalled scope of services and a unique blend of professional and technical skills to schemes of all types and complexities.