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News | Independent Commercial Property Agents | PAI

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Banks Long & Co celebrate contract win

Tuesday, 07 July 2020

Banks Long & Co celebrate contract win

PAI member Banks Long & Co’s professional property management team is celebrating winning a prestigious tender. 

The busy department has been awarded a contract to manage North Kesteven District Council’s commercial property portfolio. 

Excitingly, it will include a new development known as Discovery Court, off Whisby Road.  It will comprise 15 units specifically tailored to appeal to new and growing businesses. 

Banks Long & Co Associate Director Sarah Pettefar said: “We were delighted to learn that, following the competitive tender process, our tender submission for the North Kesteven District Council management contract had been successful. 

“We believe our success reflects the quality of the service which we provide to our existing clients and the property management expertise we can offer to North Kesteven District Council.” 

The contract covers the Council’s commercial sites across the North Kesteven District and includes properties in Sleaford, Metheringham, North Hykeham and Bracebridge Heath. 

It will involve the collection of rent, managing service charges, dealing with occupiers’ queries and managing the Council’s commercial property portfolio. 

“It is an exciting opportunity and we look forward to working with the Council and the occupiers within its portfolio,” said Sarah.

Banks Long & Co Director William Wall said: “We are very proud of our Property Management department, which has been enjoying significant growth over recent months.

“The team has taken over 41 new commercial sites and increased the yearly rental income collected by more than £3 million.

“Our expertise means that we are well-placed to manage retail parks, office blocks, industrial estates and single-let properties and, in the process, deal with a wide range of clients and tenants.”

North Kesteven District Council Leader Councillor Richard Wright said: “High quality commercial property is key to the growth of our District, and so we’ve worked hard over the years to create space for businesses as part of our overall package of support for the local economy. 
 
“If there is a supply of suitable and well-managed premises for businesses to start up and grow into, then new jobs are created and North Kesteven flourishes. 

“We continue to invest in our District this way, with plans progressing for our Sleaford Moor Enterprise Park and recently breaking ground on a Design & Build development with Lindum Group’s construction team on Discovery Court in North Hykeham.

“We are delighted to award this prestigious contract to Banks Long & Co and look forward to working with them.”

Pictured: NKDC leader Councillor Richard Wright at Discovery Court