8532: Northern LGPS Property Framework

Lot 1 is for the management of a discretionary UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis. Lot 2 is for the management of an advisory UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis. Lot 3 is to provide property management services on a UK property portfolio (that is predominantly invested in core property on an unleveraged basis). Lot 4 is to appoint an advisor of management and consultancy services in relation to a regional investment portfolio focused on the North West of England and West Yorkshire. The successful advisor will be expected to make recommendations to the member Funds within the Pool. Lot 5 is to provide property valuation services, potentially on a range of UK property portfolios, ranging in size from c£300m to over £1bn. Lot 6 is for the management of a portfolio of UK properties deemed to require intensive asset management, for example, longstanding vacancy, refurbishment/capital expenditure risk, short WAULTs with renewal risk.