Property Management Services
The value below is a framework or dynamic market ceiling: the maximum
that could be spent across all call-offs, not the value of a single contract.
Aggregate figures on this site exclude these to avoid double counting.
key details
| Value | £1,000,000 |
|---|---|
| Status | complete |
| Category (CPV) | 70330000 |
| Region | East of England |
| Deadline | 3 Sept 2023 |
| Contract start | 4 Sept 2023 |
| Contract end | 3 Sept 2024 |
| Procedure | selective |
| SME suitable | No |
| OCID | ocds-b5fd17-cd003598-4844-4111-a6da-e76addda60ab |
Awards (2)
This procurement was awarded to 2 suppliers. Values shown are per-award; the notice total is £1,000,000.
| Supplier | Value | Date | Status |
|---|---|---|---|
| Cushman and Wakefield | · | · | active |
| CUSHMAN & WAKEFIELD DEBENHAM TIE LEUNG LIMITED | £1,000,000 | 5 Sept 2023 | active |
description
. Transaction Management
| a. | Supporting the Client in determining the optimal structuring of the transaction, in light of the 50% ownership share |
| b. | Developing and executing an optimal strategy for serving and dealing with the ROFO |
| c. | Constructing a bespoke cashflow to be used in appraising disposal options and adapted for marketing purposes |
| d. | Providing the Client with information and financial analytics required to secure their relevant approvals to the proposed disposal. |
| e. | Working with the appointed legal and tax advisors to establish the optimal tax and governance structure, in light of the 50% ownership share |
| f. | Undertaking detailed due diligence ahead of marketing. Including but not limited to:- |
| • | Review of title information provided by the Client's lawyers |
| • | Review of detailed tenancy schedule, non-recoverable opex, occupier financial covenant information, park running costs and service charge budgets |
| • | Review of ground surveys and advising on commissioning of new surveys if appropriate |
| • | Review of building survey information and advising on commissioning of new surveys if appropriate |
| • | Review of flood assessment reports |
| • | Review of Cost programme and development costs for development plots |
Technical Building Surveys
Exact scope of services to be agreed and determined following instruction. Services envisaged for a project of this nature include;
| a. | Document Review - review key technical and legal documentation that is provided to it. |
| b. | Property Inspection - carry out an inspection of each Property in a single visit, subject to any restrictions imposed by the Client/occupier and any safety considerations. The scope of the inspection is indicated in item 1 of the Basis of Appointment below. Roofs and high-level elements will largely be inspected from ground level and vantage points available. Cherry picker mobile access platforms will be hired if necessary. During the inspection enquiries will be made to the building manager or any technical representatives who are available for consultation. |
Fee Calculation
notice history
3 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 7 Sept 2023 | Contract award notice (F03) | Earlier regulations | 026475-2023 |
| 7 Sept 2023 | Award (award) | · | d9fff3ec-0a1e-44ab-8e6d-1cdf946f6073-678528 |
| 15 Sept 2023 | Award update (awardUpdate) | · | d9fff3ec-0a1e-44ab-8e6d-1cdf946f6073-680909 |
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source
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