A consortium has been appointed in order to provide advice regarding North Norfolk District Council’s property portfolio. The consortium is led by Gleeds, the property and construction consultancy and will be supported by CPMG and Pygott & Crone. The appointment has come as part of an innovative partnership that seeks to provide specialist advice for the North Norfolk Council.
The appointment has come after the decision to take a more commercial approach for their current property portfolio with the intention to maximize their revenue and capital returns. It is thought that taking this more commercial stance will improve the council’s long term financial position. This improvement should deliver economic growth as well as improve the service delivery and allow the resources to be recycled and put in to front line services.
The project will allow the companies in the consortium to make a significant contribution to the area and will be providing suggestions that will support the service delivery of the Council as well as encouraging future investments and regeneration to take place around the region. The review that has been created by the consortium ranges from commercial properties towards administrative buildings. The review has already created headline proposals for four different sites that have been discussed at a variety of different public meetings in the region. As the consortium continues its work, they will focus on the Council’s current assets which currently stands at an estimated 181 properties.
CPMG is an AJ100 practice that is based in Nottingham and London and will be working with the consortium in order to assist the council with their more innovative design and architectural solutions. This project could be incredibly beneficial for the commercial future of North Norfolk.
Pygott & Crone will provide the project with agency services and will also be taking on a review of the local market activity for the consortium. The project offers the company an opportunity to work with other companies as one force with the focus of improving North Norfolk.