Awarded Contract: UK Property Management Services for the RBKC Pension Fund

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Estimated value

£17.1m

Awarded value

£6.2m

Awarded 24 Apr 2019

Suppliers

1

Lots

1

1 awarded

Published

24 May 2019

Deadline 25 Feb 2019

Description

The RBKC pension fund (\"the pension fund\") has a warded a contract to increase its allocation of UK property investments from the current level of around 5% to around 20%, through a bespoke segregated property portfolio. The service provided will help the pension fund build and maintain a direct property portfolio and provide ongoing management services for the portfolio, including to: - Advising on property acquisitions and disposals - Executing acquisitions and disposals, including contract negotiations and executions - Managing interaction with tenants and property management, including rent roll - Advising the Investment Committee on strategy; and - Considering and implementing structures to hold assets

Scope

Reference
tender_196353/766359
Total value
£17,100,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
12 May 2019 to 11 May 2034
CPV classifications
70300000
Particular suitability
Small and medium-sized enterprises (SME)

Submission & procedure

Submission deadline
25 Feb 2019, 12:00 am

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£6.2m

Award date

24 Apr 2019

Contract start

12 May 2019

Contract end

11 May 2034

Awarded to