Tuesday, August 12, 2023
Thales appoint King Sturge as UK property advisor
Thales UK, the Aerospace, Defense and Security contractor, which is the second largest defense electronics systems supplier to the UK Ministry of Defense, has announced the appointment of King Sturge as its UK property advisor.
Thales had been seeking to consolidate services with a single service provider and undertook a full market review, conducted by Corporate Property Advisers, involving many of the major corporate real estate agents. Thales expects that the appointment will result in an increased speed and efficiency, access to a broad range of skills, improvements in system quality and an increased overall visibility of property performance.
Commenting on the appointment, David Mirmelli, recently appointed Properties Director at Thales UK, who commissioned the review, said: "Like many corporates, Thales UK needs to make its real estate work for the business. We have been rationalising our property holdings, signified by our consolidation, with Segro, in Crawley, which has the potential to cut costs and improve quality of work space for our highly specialised staff. But there is still much to achieve. The selection and appointment of King Sturge will allow us to drive forward our strategy in a number of areas".
Campbell Hart, partner at King Sturge said: "We are delighted to win this major role as adviser for Thales, in the face of strong competition. There are some very exciting opportunities to add value for Thales at locations across the UK, including holdings in Glasgow and Edinburgh. King Sturge's strong regional representation, and our activity in the markets close to their facilities, was undoubtedly a factor of our success.
Thales had been seeking to consolidate services with a single service provider and undertook a full market review, conducted by Corporate Property Advisers, involving many of the major corporate real estate agents. Thales expects that the appointment will result in an increased speed and efficiency, access to a broad range of skills, improvements in system quality and an increased overall visibility of property performance.
Commenting on the appointment, David Mirmelli, recently appointed Properties Director at Thales UK, who commissioned the review, said: "Like many corporates, Thales UK needs to make its real estate work for the business. We have been rationalising our property holdings, signified by our consolidation, with Segro, in Crawley, which has the potential to cut costs and improve quality of work space for our highly specialised staff. But there is still much to achieve. The selection and appointment of King Sturge will allow us to drive forward our strategy in a number of areas".
Campbell Hart, partner at King Sturge said: "We are delighted to win this major role as adviser for Thales, in the face of strong competition. There are some very exciting opportunities to add value for Thales at locations across the UK, including holdings in Glasgow and Edinburgh. King Sturge's strong regional representation, and our activity in the markets close to their facilities, was undoubtedly a factor of our success.
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