COMMERCIAL property agents Alder King are celebrating after winning a major contract.

Nationwide Building Society, which has its headquarters in Pipers Way, Old Town, has outsourced the management of its entire portfolio of high street retail and office buildings. It appointed the Swindon-based property agents to handle its properties in the South West and Wales.

Following a year-long selection process, Nationwide has appointed four agents across the UK, to deal with rent reviews, lease renewals and the day-to-day management of the 680-strong branch network. The contracts will run for three years.

Peter Barefoot, a partner at Alder King, said: "The South West and Wales property portfolio includes some 120 properties throughout the region, including the head office. We are delighted to have been appointed and look forward to working with the Nationwide team."