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

capitalEsourcing Published 21 Jan 2019 Contracts Finder

key details

Value£17,100,000
Statuscomplete
Category (CPV) 70300000
RegionLondon
Deadline25 Feb 2019
Contract start13 May 2019
Contract end12 May 2034
Procedureopen
SME suitableYes
OCIDocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c

Award

SupplierValueDateStatus
CBRE Limited £6,160,000 24 Apr 2019 active

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

Additional information:

This procurement was executed through the Council's electronic procurement portal, capitalEsourcing.

documents

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notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
24 May 2019 Award update (awardUpdate) · 3f25bc0b-f26d-4383-8d32-1740fbefd867-291345

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source

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