News on 31July
Stockley and Eurica in FM joint venture

Facilities management company Eurica, a subsidiary of Interior Services Group, has formed a joint venture with the developers of the leading business park, Stockley Park Consortium.

The new venture, to be known as Eurica (Stockley Park) Ltd will provide estates services to occupiers, including cleaning, security and landscaping as well as general management of the site. Specialist packages will include telephone and concierge services. The new business will also control the estates general amenities such as car parking and maintenance.

Stockley Park has provided a range of services to occupiers through Millbrook Estates, however with the third phase of the park under construction the consortium decided to concentrate on its core business and sought a reliable partner.

The two companies have a connection through Stanhope, part of the original development team for Stockley Park and Eurica already provides services to tenants such as Equitable Life and EDS

Andrew Vander Meersch, chief executive of the Stockley Park consortium and a director of ESP sees the new venture as facilitating and supporting the property development business: "In a small way we have been in the FM business for some time through running the estate here at Stockley and providing a range of services to occupiers. I am delighted to merge the FM business with Eurica and form this new joint venture. It's a very compelling package."

Eurica chief executive Julian Squire told i-FM: "This is part of the broader trend towards outsourcing of services. Stockley is showing a desire to offer a wider range of services to its occupiers. The Stockley name is strong and it's a great partnership."

All the employees and contracts of Millbrook will transfer to the new company and Eurica will contribute expertise and systems. Although the focus is very much on Stockley Park, the new venture will be able to pitch for business in the wider Heathrow area.

Richard Byatt

 

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