Capita Symonds: we’ll be No 1 in property management

Capita Symonds has said it will overtake CBRE and Jones Lang LaSalle, two of the biggest commercial property firms in the world, in UK property management turnover.

In a interview with Building, Jonathan Goring, its managing director, predicted that his firm would leapfrog the rival companies as Capita Symonds pushes to manage property in the public sector.

Goring said: “We have the capability to be the premier player in property management. In the market we’re probably the third largest manager of assets. And in that, we compete with CBRE, JLL and so on.”

He said that as public spending was cut Capita Symonds could help the government squeeze more money out of its estate.

“We have an aspiration to grow property management into a market which they [CBRE and Jones Lang LaSalle] don’t own, which is the public sector - virgin territory.”

He said Capita Symonds’ current property management turnover of £80m could increase by as much as 30% over the next year.

The acquisition of £45m-turnover NB Real Estate in February was part of the plan to move into the sector, Goring said.

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