29/06/99 UK: STRATEGIC TRANSFER OF THE ESTATE TO THE PRIVATE SECTOR.

The following consortia have been invited to go forward to the Invitation to Submit Outline Proposals (ISOP) stage of the STEPS project.

Name of Main Constituents of Consortia Consortium

Mapeley Limited    Quantum Realty Fund, Fortress Investment
                   Corporation, Bank of America, DTZ Debenham
                   Thorpe, Grubb & Ellis Management Services,
                   Dalkia/Symonds, EC Harris, Delancey Estates

Newlands           WS Atkins, Innisfree, Gardner Merchant,
                   Balfour Beatty, King Sturge & Co, Argent
                   Group, Dresdner Kleinwort Benson, Royal Bank
                   of Scotland, Securicor

Servus             Nomura International, Serco, Grosvenor Estates
                   Holdings, London & Regional Properties, Jones
                   Lang LaSalle, Healy & Baker

Trillium           Whitehall Street Real Estate Limited
                   Partnership, MyChand Central Limited
                   Partnership, Archon Group, Drake & Skull,
                   George S Hall, MITIE, ISS, Sutcliffe Catering

Trinity            CB Hillier Parker, JE Robert, CIBC World
                   Markets, Mace

DETAILS

1. Ten consortia completed pre-qualification questionnaires.
2. The ISOP stage will provide bidders with the opportunity to develop their approach to providing efficient and value for money solutions.
3. The aim is to announce a shortlist of three by the end of October 1999.
NOTES FOR EDITORS

1. The STEPS project is an example of closer working between the Inland Revenue and Customs & Excise. It was announced in a Press Release on 19 August 1998.
2. Under STEPS, the ownership and management of their respective estates is expected to be transferred to a private sector partner who would be required, under the terms of the contract, to provide the Departments with serviced accommodation.
3. The start of the procurement process was announced in a Press Release on 30 March 1999. The exercise has been notified in the Official Journal of the European Community (OJEC).
Inland Revenue media enquiries to: Jane Ashton Wendy Brumfitt 0171 438 6692/6706/7327/7356 (Out of hours 0860 359 544)

Non-media enquiries to:            0171 438 6420/6425
                                   (Office hours only)

Inland Revenue is on the Internet: www.inlandrev.gov.uk

Customs & Excise media enquiries to:    Mark Thomson
                                        Alex Strutt
                                        0171 865 5471/5472/5335
                                        (Out of hours 0171 620 1313)

Non-media enquiries should be made to your local Customs & Excise Office listed under Customs & Excise in the telephone book.
Customs & Excise information is on the Internet: www.hmce.gov.uk.
Crown Copyright 1999.