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Interserve sails ahead in £100m Thames property maintenance bid

Interserve, the international support services and construction group, has been announced preferred bidder on a seven year residential and corporate property contract with East Thames Group.

The contract has a potential value of c.£100 million over the initial seven year term, and includes a provision to extend to fifteen years in total.

This integrated repairs and maintenance contract will deliver services to 13,000 properties across East London and Essex and includes a framework option to allow neighbouring public sector bodies access to the improved services and reduced costs of Interserve’s approach.

Interserve will deliver a strategic asset management service, advising East Thames Group on the most effective maintenance investments across their portfolio. They will also provide planned and responsive repairs and maintenance to East Thames Group’s residential housing and corporate buildings; estate services to the local areas; project works across the property portfolio; and building refurbishment between lettings.

East Thames Group is a registered housing provider and registered charity, committed to making a positive and lasting difference in east London and Essex.

Bruce Melizan, executive director at Interserve, commented: “This strategic partnership further extends Interserve’s intelligent approach to delivering support services. This opportunity with East Thames Group broadens our residential maintenance portfolio, and will allow us to support the charity in regenerating East London and Essex to create communities where people want to live.”

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