June 16, 2003—Bristol-based workplace solutions company Principio has been awarded the contract to provide facilities management services at the investment firm’s three UK locations in Birmingham, Milton Keynes and Bishopsgate, London.
Principio was successful in the tender process against three competing firms including incumbent global facilities management group Johnson Controls, who will continue to provide facilities management services to Charles Schwab in the US.
For the duration of the contract Principio will act on behalf of Charles Schwab in the United Kingdom, with responsibilities to manage their property assets, provide full facilities management services, act as a landlord to existing sub-tenants, and maximize income generation from the real estate portfolio.
With the contract starting immediately, Principio will fully review building operations, existing leases, sub-tenant leases, and electrical and other service contracts with an annual value in excess of 4 million. The company’s dedicated Charles Schwab team will also undertake building maintenance including window cleaning, landscaping, heating & ventilation systems, service changes and parts replacement.
Principio has provided management services to Charles Schwab Europe for six years and is delighted to be awarded this prestigious contract to act for Charles Schwab Inc.
