Cushman & Wakefield will manage National Australia Bank's portfolio of properties until 2024 under its Occupier Services business following the signing of a new contract.

Under the contract, Cushman & Wakefield will continue to provide an outsourced property management solution across NAB’s national portfolio of 880 sites, totalling a leasable area of 575,000 sqm.

NAB’s real estate portfolio locations include commercial offices, retail branches, and customer service centres.

At a glance: 

• National Australia Bank (NAB) has renewed its national integrated facilities management services contract with Cushman & Wakefield for an additional four years to 2024.
• Cushman & Wakefield’s Occupier Services business has managed NAB’s portfolio since initially securing the mandate in 1998.
• Under the contract, Cushman & Wakefield will continue to provide an outsourced property management solution across NAB’s national portfolio of 880 sites, totalling a leasable area of 575,000 sqm.

Cushman & Wakefield’s Occupier Services business has managed NAB’s portfolio since initially securing the mandate in 1998. 

Chief Executive James Patterson said the renewed contract was a testament to the firm's "deep knowledge" of NAB's requirements, as well as the calibre of its team, many of whom have been "embedded in NAB operations for many years".

As part of an integrated service delivery model, Cushman & Wakefield will provide facilities management and maintenance, workplace management at key commercial locations, property management and minor works.

Cushman & Wakefield will also continue providing environmental sustainability services, finance management, procurement and help desk support. 

The firm has a team of 150 staff nationally that are directly involved in supporting NAB, with 50 per cent of staff dedicated across 12 NAB sites. 
 
NAB’s Chief Property & Procurement Officer Steve Hrubala said the company's long-standing relationship with Cushman & Wakefield reinforced the importance of experienced partners in a crisis.

"We look forward to continuing to work together as we plan for how we return to work across all our locations in Australia, and as we prepare to occupy new commercial buildings," he said.

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