EMCOR Group (UK) Awarded Contract For Property & Facilities Management Services For PRUPIM (Prudential Property Investment Managers Ltd)

17th December 2009

 

EMCOR Group (UK) is delighted to announce that it has been appointed by PRUPIM, a leading global real estate investment manager, to provide integrated facilities management services across its UK commercial investment property portfolio. The contract covers services worth in the region of £200 million over five years; it includes more than 200 commercial properties and 17 million square feet of commercial space throughout the UK across the principal commercial property sectors including retail parks, industrial estates, offices and business parks. PRUPIM's flagship sustainable business park—Green Park in Reading—and landmark buildings, such as Holborn Bars, in London, and the Royal Exchange in Manchester, are covered under the terms of the contract. EMCOR UK provides engineering services, facilities management and sustainable business solutions for a diverse range of private and public sector organisations.

 

Beginning 14 December 2009, EMCOR will deliver a total facilities management contract to over 2500 occupiers nationwide, covering England, Wales and Scotland. EMCOR will assist PRUPIM in delivering core activities, including service charge accounting, energy management and, crucially, the enhancement of occupier satisfaction. The contract also comprises the provision of building engineering services, fabric maintenance, security, front-of-house services, cleaning and grounds maintenance and is driven through a dedicated 24-hour service desk operation and control centre.

 

EMCOR was selected for its strong track record in managing large property portfolios, ability to create custom-made solutions, and expertise in delivering the breadth of skills and resources necessary to PRUPIM's operations which will ensure high service levels and best value for its occupiers.

 

"EMCOR is very honoured to have been selected by PRUPIM; we look forward to developing a long and successful strategic partnership, as we work together to significantly drive forward the performance of PRUPIM's property portfolio," stated Nick Morris, Managing Director, EMCOR Facilities Services. "Customer satisfaction is our number one objective—both the satisfaction of PRUPIM, and the satisfaction of all of PRUPIM's occupiers."

 

"Driving value through the efficient management of commercial property portfolios is more important than ever, and we look forward to EMCOR helping us deliver that," said Peter Best, Head of UK Asset Management at PRUPIM.

 

Notes to editors

About EMCOR Group (UK) plc

With over 100 years experience in the UK market, EMCOR Group (UK) plc provides engineering services, facilities management and sustainable business solutions for a diverse range of private and public sector organisations, through its two businesses—EMCOR Engineering Services and EMCOR Facilities Services. EMCOR Group (UK) plc is a wholly owned subsidiary of EMCOR Group, Inc. (NYSE:EME), a Fortune 500 company with estimated 2009 revenues of $5.5 - $5.6 billion, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. A leading provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments—such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems—in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The 26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the "World's Most Admired" and "Best Managed". EMCOR's diversity—in terms of the services it provides, the industries it serves and the geography it spans—has enabled it to create a stable platform for sustained results. The Company's strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry. Additional information on EMCOR can be found at www.EMCORGroup.com.

 

About PRUPIM

PRUPIM is a top 20 global real estate investment manager. PRUPIM has around £15billion* invested in a broad spread of properties across Europe, North America and the Asia Pacific region and is part of M&G, the investment arm of Prudential plc in the UK and Europe. * As at 31 December 2008. For more information, visit www.prupim.com.

 

This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management's perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, project mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2008 Form 10-K and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.