Awarded Contract: UK Property Management Services for the RBKC Pension Fund
Estimated value
£17.1m
Awarded value
£6.2m
Suppliers
1
Lots
1
Published
24 May 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