Construction News
19/03/2013
A2 Dominion Forms Two JV Companies
A2Dominion has formed two innovative joint venture companies (JVs) to provide responsive repairs and void works valued at more than £150m over the next 10 years to the Group's 34,000 properties across London and the South East.
In a forward-thinking approach to delivering repairs, the Group has appointed Breyer B-Line, the responsive repairs and maintenance division from the Breyer Group, and MITIE, the FTSE 250 strategic outsourcing and energy services company, as its limited liability partnership partners under a 10 year agreement starting from 1 April 2013, with an option to extend for a further five years.
The joint venture companies have been named Pyramid Plus.
Andrew Evans, A2Dominion's Executive Director (Operations), said: "Following a lengthy procurement process, we look forward to working with Breyer and MITIE to establish the new companies. The JV model is, we believe, a more efficient and cost effective delivery vehicle that will provide a first class service to our customers whilst, at the same time, offer opportunities to generate additional revenue streams."
Tim Breyer, Managing Director of Breyer Group, said: "This is an innovative delivery structure which provides us with the opportunity to further enhance our collaborative approach and develop a model that is at the forefront of partnership working."
Peter Griffin, director of social housing at MITIE, said: "We are extremely excited about the JV with leading housing provider A2Dominon. The venture will guarantee a high value of investment in its people, ensuring excellent customer service for the ten year life of the contract and beyond."
The award of the contracts follows the successful completion of a comprehensive OJEU tender process, and the subsequent customer consultation and standstill period. For each of the JVs, A2Dominion will be the majority shareholder, with a 70/30 split agreed with the contractors.
(CD)
In a forward-thinking approach to delivering repairs, the Group has appointed Breyer B-Line, the responsive repairs and maintenance division from the Breyer Group, and MITIE, the FTSE 250 strategic outsourcing and energy services company, as its limited liability partnership partners under a 10 year agreement starting from 1 April 2013, with an option to extend for a further five years.
The joint venture companies have been named Pyramid Plus.
Andrew Evans, A2Dominion's Executive Director (Operations), said: "Following a lengthy procurement process, we look forward to working with Breyer and MITIE to establish the new companies. The JV model is, we believe, a more efficient and cost effective delivery vehicle that will provide a first class service to our customers whilst, at the same time, offer opportunities to generate additional revenue streams."
Tim Breyer, Managing Director of Breyer Group, said: "This is an innovative delivery structure which provides us with the opportunity to further enhance our collaborative approach and develop a model that is at the forefront of partnership working."
Peter Griffin, director of social housing at MITIE, said: "We are extremely excited about the JV with leading housing provider A2Dominon. The venture will guarantee a high value of investment in its people, ensuring excellent customer service for the ten year life of the contract and beyond."
The award of the contracts follows the successful completion of a comprehensive OJEU tender process, and the subsequent customer consultation and standstill period. For each of the JVs, A2Dominion will be the majority shareholder, with a 70/30 split agreed with the contractors.
(CD)
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