Sheffield City Council has outsourced its property portfolio to Kier in a £55m deal.
The seven year contract, which may be extended, is part of the council’s Outstanding Sheffield programme. Kier is preferred bidder and will now move forward towards signing the deal with the council.
Four hundred council staff will transfer to Kier as part of the deal, which will involve Kier providing corporate property services and facilities management.
The services will include assisting the council with developing a corporate strategy for managing its land and buildings, their development and values as well as buying, selling and letting its land and property.
Councillor Simon Clement-Jones, cabinet member for finance and customer focussed services at Sheffield City Council, said: ‘These changes will improve the quality of services for the people of Sheffield and local businesses, providing those services in ways that suit them.
The Council will continue to own its land and buildings.’