TLT has been named as the BBC’s sole provider advising on property legal services across its estate in England and Wales.
Legal Business understands that the tender saw TLT up against heavyweight property firms including Hogan Lovells and Nabarro. The broadcaster’s incumbent property adviser was Bond Pearce.
TLT’s 17-strong real estate team, which operates across the firm’s Bristol and City offices, includes head of real estate Andrew Glynn, property litigation partner Mark Routley, and partner Stephen Elliott who joined TLT’s City office from Hogan Lovells in 2011.
Speaking to Legal Business, Elliott said this was a ‘significant win’ for the firm, considering the broadcaster’s UK property portfolio holds over 300 properties equating to approximately 575,000m² of office accommodation and broadcast facilities.
‘We participated in a full tender exercise against tough competition in February and March and were appointed mid-April,’ he says.
‘We have genuine strength acting for public sector organisations and businesses in the technology and media sector and this, combined with our focus on efficiency and reputation for delivering value to clients, clearly played a big part in our appointment,’ he explained.
TLT, which was named National/Regional Firm of the Year at the Legal Business Awards in February, will advise on the broadcaster’s estate and the implementation of its property strategy – a key component of its current programme of cost savings. The team will also advise on litigation, acquisitions, and disposals, as well as landlord and tenant issues.
TLT’s other public sector clients include the Environment Agency, New Covent Garden Market Authority, Canal & River Trust and Energy Saving Trust.
Elliott added: ‘Winning this important mandate from this iconic institution demonstrates TLT’s ability to strategically advise and service the requirements of large organisations with significant property holdings.’