Highways England, which operates, maintains and improves England’s motorways and major A roads, has appointed Carter Jonas its national Property Management, Enquiries and Sales and Estates contract.
The appointment, which will commence on 1 April 2018, is for the management of over 900 assets across the commercial, rural and residential sectors, for a contract period of up to three years. The portfolio has an asset value of over £100m and is distributed across the whole of England. As well as a dedicated estate management team, Carter Jonas will undertake acquisitions and disposals as well as providing landlord and tenant, professional advisory and treasury services.
Highways England works with the Department for Transport and is the government company responsible for motorways and major (trunk) roads in England. Its road network totals around 4,300 miles and carries a third of all traffic by mileage and two thirds of all heavy goods traffic.
James Greenway, Director Estates and Facilities, Highways England said: “Highways England is successfully delivering a record £15bn investment in roads and has one of the most complex operational estates in government with a portfolio that covers every sector of the market.
“We are delighted that Carter Jonas will become our new partner for property advice and management. Carter Jones has a strong reputation for professionalism, teamwork and integrity and we are looking forward to working with them to maximise our property returns.”
Mark Hall-Digweed, Partner and Head of Infrastructure, Carter Jonas, said: “Effective infrastructure is an essential element in the ability of UK plc to attract business and secure employment, growth and national prosperity. Highways England plays an integral role ensuring its delivery and we are extremely proud to have been appointed to assist its team.
“The scale and geographical reach of this contract is a testament to our team’s ability to manage large, national portfolios from our network of 38 office locations across the UK. Our appointment also demonstrates the continuing success of Carter Jonas’ long term strategy to actively pursue business which strikes a balance between transactional and non-transactional work.”