WHAT’S NEW? NG Bailey Acquires
Freedom Group NG Bailey, the UK’s largest independent engineering, IT and facilities services business, has completed the acquisition of Freedom Group, a leading provider of facilities and power engineering services.
Top 10 global corporate
real estate trends Jones Lang LaSalle Incorporated (JLL) has revealed the Top 10 Global Corporate Real Estate (CRE) Trends for 2018, an annual analysis which identifies the key factors influencing corporate occupiers’ decision making.
The study reveals that the rise in demand for flexible workspaces, the emergence of a more dynamic workforce, and an increasing focus on employee performance and wellbeing will dominate global CRE strategies in 2018. The adoption of smart real estate technologies and digitisation of buildings will also continue to transform the industry and shape the future of work.
The Top 10 trends are:
Dynamic workforce: Liquid and contingent workforce is driving a radical transformation of corporate real estate.
Flexspace: The proportion of flexspace within CRE portfolios will continue to grow.
Innovation culture: The rise of a work environment that supports creativity, cross-collaboration and innovation will be key to future proofing corporate real estate strategies.
Digital drive: Integrated technology- driven ecosystems will transform companies and drive new levels of performance.
Smart real estate: Smart real estate 14 | TOMORROW’S FM
The expanded business will have a turnover of more than £600m a year and provides an excellent opportunity for NG Bailey to extend its range of services and develop a presence in new sectors, specifically the electricity distribution network (DNO) market.
The sector is set for significant expansion over the coming years, with new technologies supporting the rapid growth of low carbon power generation in the UK and the development of increased battery storage capacity.
For more than 20 years Freedom has provided engineering capital replacement projects and ‘hard FM’ maintenance services, particularly within utilities, through its four divisions: Infrastructure Services, Networks, Power and Professional Services.
Freedom works primarily with DNOs and private network owners across substations, overhead lines, underground cables, buildings and associated infrastructure. Its
technology is transforming the real estate life cycle.
Adaptive organization: Agility and collaboration to become critical keys to business success in a rapidly changing market environment.
Future skilling: Rethinking employees’ competencies and profiles to become essential to driving the future of work.
Wellness: Aligning CRE and HR strategies to support mental and physical health will power human experience in the workplace.
Community: Buildings to become the epicentre for communities to share
key customers include Northern Powergrid, UK Power Networks, Scottish Power, Electricity North West, Yorkshire Water and the Port of Felixstowe.
The acquisition also increases NG Bailey’s capabilities in sectors such as defence and airports, as well as expanding its engineering and maintenance services across major infrastructure portfolios, such as data centre telecoms and ports.
As part of the NG Bailey Group, Freedom’s existing management team will continue to run the £120m turnover business under its existing brand.
David Hurcomb, NG Bailey’s Chief Executive, said: “Bringing Freedom Group into the NG Bailey family provides a natural extension to the range of services we already offer, particularly engineering and maintenance services.
“Combining our offerings strengthens both our market positions, but it also creates significant new opportunities for both businesses. It will enable NG Bailey to compete more effectively in new markets, specifically the electricity distribution sector. It is an area where our combined skills and market-leading approach to principal contractor management, design and BIM will add considerable value,” he concluded.
www.ngbailey.com their passions, experiences and ideas.
Tom Carroll, Head of Corporate Research, EMEA, JLL, said: “Real estate is an engine for innovation and growth. As the workforce becomes more flexible and dynamic, organisations are building more agile environments to embrace this transformation. We expect more businesses to ‘humanise’ their workplace through digitisation and smart technologies, using employee satisfaction, performance and wellbeing as the new way to measure success.”
To access the full report:
www.jll.com/research/global-trends
twitter.com/TomorrowsFM
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