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Contract Award - Wales Pension Partnership Private Markets - Real Estate

Carmarthenshire County Council Published 9 Jan 2025 Sell2Wales

key details

Value£56,000,000
Statuscomplete
Category (CPV) 66131100
RegionWales
Deadline18 Dec 2023
Procedureselective
OCIDocds-h6vhtk-041afd

Awards (2)

This procurement was awarded to 2 suppliers. Values shown are per-award; the notice total is £56,000,000.

SupplierValueDateStatus
CBRE shared · · active
SCHRODERS PLC shared · · active

description

Carmarthenshire County Council is the Host Authority for the Wales Pension Partnership (WPP). The WPP, established in 2017 is a collaboration of all eight LGPS funds in Wales and is one of eight national Local Government Pension pools. The eight LGPS funds in Wales are: Cardiff and Vale of Glamorgan, City and County of Swansea, Clwyd, Dyfed, Greater Gwent (Torfaen), Gwynedd, Powys and Rhondda Cynon Taf.

The WPP has now developed a range of Private Real Estate Sub-Funds which the Constituent Authorities (“CAs”) (Local Government Pension Funds) of Wales can use to obtain the private market exposure that they require to meet their locally decided strategic asset allocations.

The WPP has established Sub-Funds which are based on individual asset classes, the WPP has established UK Real Estate, Global Real Estate, and Local / Impact Real Estate Sub-Funds.

This Procurement was undertaken in accordance with the Competitive Procedure with Negotiation pursuant to Regulation 29 of the Public Contracts Regulations 2015. Although the Council is utilising the Competitive Procedure with Negotiation route, it reserved the right to award the contract on the basis of the initial tenders without conducting negotiations.

documents

Documents are linked, not mirrored. They are served by the publishing authority and may require registration.

notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
17 Nov 2023 Contract notice (F02) Earlier regulations 034159-2023
9 Jan 2025 Contract award notice (F03) Earlier regulations 000635-2025

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source

Published on Sell2Wales. Contact details for named individuals are not reproduced on this site.