The 10-year Powys Real Estate Partnership (PREP) will see Arcadis deliver a range of estates-related services and pre-development activities.
Features include involvement across multiple sites around the county, with a variety of existing and potential uses, including identifying a range of development opportunities, offering strategic advice, and helping to create supply chains for delivery for specific projects.
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Cllr Phyl Davies said: "We are very excited to be entering into a partnership with Arcadis, who have a wealth of property expertise. We want to ensure that we create the best value from the assets that we have to help deliver our services and provide regenerative outcomes for the citizens of Powys.
"Having a commercial partner will hopefully unlock more opportunities for the council and provide us with the ability to manage larger strategic reviews of our estate. A project supported by Welsh Government, this partnership demonstrates the innovative way in which Powys County Council is tackling the increasing pressures facing all councils."
Peter Hogg, Head of Government and Municipals at Arcadis, said: "Our partnership with Powys County Council will support the delivery of long term regeneration and council services in the region. We are looking forward to working alongside the council in shaping and delivering its plans and meeting both short and long term priorities to help improve the quality of life for everyone living, working and visiting the area."
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