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Colliers wins major Plumbing World Property and Facilites Management Contract

Colliers wins major Plumbing World Property and Facilites Management Contract

Date Posted: May 27, 2010

COLLIERS INTERNATIONAL – PRESS RELEASE

Colliers wins major Plumbing World property and facilities management contract

Colliers International announces that it has won a three year contract to manage specialist nationwide retail chain Plumbing World’s property requirements across the country.

The contract, won by Colliers’ Occupier Services business, involves the management of over 55 properties for Plumbing World - all offices, distribution centres and branches nationwide from Kerikeri to Invercargill. The work was previously managed in-house by Plumbing World.

A key element of the contract is responsibility for Plumbing World’s lease and facilities management activities including co-ordinating communication with landlords, lease negotiation, maintenance and managing lease obligations such as rent reviews and renewals.

This news follows an announcement in April that Colliers had won a major nationwide Occupier Services contract for Vodafone across its 1,500 nationwide properties and, in 2009, the acquisition of a major contract with the New Zealand Inland Revenue to manage its national lease portfolio across 22 sites.

Don Smith, Director of Colliers Occupier Services, said: “We are very excited to be able to help Plumbing World to outsource its property and facilities management requirements and allow them to focus on their core business with a professional full-service property provider at their side. This contract demonstrates the breadth of our capabilities well. It aligns to Colliers’ national reach, a great geographic fit, as well as allowing us to use our leading edge systems and processes that have been developed specifically for corporate real estate clients. ”

Kevin Smith, Plumbing World’s General Manager, said: “As a company Plumbing World are focused on delivering expert plumbing knowledge and great customer service to people involved in the construction industry, so it made sense that we should engage a company with the same level of skills and knowledge in the property field to manage our property portfolio. Colliers International provided Plumbing World with a complete solution, which is already showing benefits. “

ENDS

For more information, please contact:

· George Hulbert, George.hulbert@colliers.com, mobile: 021 727 132

NOTES

· Colliers Occupier Services

Colliers set up its Occupier Services business in October 2009 to provide occupiers of corporate real estate with a range of strategic advisory and property services.

The business has strong teams in Wellington and Auckland, integrating with a network of 14 offices across New Zealand, providing the following services to occupiers of corporate real estate:

- Portfolio and accommodation strategy

- Space assessment, efficiency and cost cutting

- Site acquisition and disposal

- Change management and relocation

- Facilities, property and lease management

- Tenant advisory and lease negotiation.

· Plumbing World

Plumbing World was established in Palmerston North over 40 years ago and is part of the NZPM group of companies.

With branches nationwide from Kerikeri to Invercargill, Plumbing World has grown to become the largest 100% New Zealand-owned national plumbing merchant. Along the way, the company has gained a reputation as the bathroom, laundry, kitchen and heating specialist.

Supplying everything from basic trade products to top fashion bathroom fittings from the best brands in New Zealand and the world, the Plumbing World team is equipped with the specialist knowledge and technology so customers get the benefit of specialist plumbing advice.

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For more information, please contact:

Don Smith

Don Smith

Director - Corporate Solutions
Corporate Solutions Wellington
DDI: +64 (4) 471-8892
Fax: +64 (4) 471-8891
Email: don.smith@colliers.com

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