One of our major outsourcing contracts is the Abbey Portfolio, now part of Santander, which we bought in 2000 by way of a sale and leaseback transaction. The arrangement involved the transfer of most of Abbey's UK occupational portfolio - 422 freehold properties and 884 leasehold properties. In August 2010 several of these were assets were sold back to Santander.

Triton Square, London

Under this contract we lease freehold properties to Abbey, as well as managing the leasehold assets they occupy as principal (we take the risk of rising rents and benefit from falling costs). Unlike the HM Revenue & Customs contract we do not provide facilities management or construction works.

Mapeley

Santander