Published date: 2 March 2021

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 3 July 2020, 1am

Contract summary

Industry

  • Pension investment services - 66131100

Location of contract

North West

Value of contract

£12,000,000

Procurement reference

TAME001-DN470007-09372958

Published date

2 March 2021

Closing date

3 July 2020

Closing time

1am

Contract start date

1 September 2020

Contract end date

31 August 2027

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No


Description

The Northern LGPS (GMPF, MPF, & WYPF) wishes to set up a framework for Investment Property Management Services. Full details of the requirements are set out in the tender pack. In summary, the framework will comprise 6 areas of work divided into Lots. Each Lot will have a number of providers, from whom each of the funds can procure services by way of a mini-competition depending on its needs. As can be seen, the current total value of mandates across all three funds is £2 billion (£2,000,000,000). Some of the current mandates overlap across the way the Lots have been divided up, and so the total amount of mandated work from a particular fund may not increase significantly when divided across the Lots. The Northern LGPS estimates that mandates totalling approximately £2 bn - £2.5 bn may be awarded under the lifetime of the framework across all Lots.


More information

Previous notice about this procurement

Northern LGPS Property Framework

  • Opportunity
  • Published 11 May 2020

Links

Additional text

DO NOT contact the buyer direct. You should go to the Chest and electronically express your interest in the requirement, after which point the necessary documentation will be made available to you. All correspondence in regards to this requirement must through the messages function of the Chest, no correspondence will be issued by STAR, the Council, or GMPF outside of the Chest.


Award information

Awarded date

4 January 2021

Contract start date

15 March 2021

Contract end date

14 March 2028

Total value of contract

£12,000,000

This contract was awarded to 24 suppliers.

AEW UK Investment Management LLP

Address

SW1Y 6DN

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

Aviva Investors

Address

EC2R 8EJ

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

CBRE Global Investors

Address

EC4M 9AF

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

DTZ Investment Management

Address

EC2N 1AR

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

Federated Hermes

Address

EC2V 6ET

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

LaSalle Investment Management

Address

W1J 5HD

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

LGIM

Address

EC2R 5AA

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

M&G Real Estate Limited

Address

EC3M 5AG

Reference

None

Supplier is SME?

No

Supplier is VCSE?

Yes

Mayfair Capital Investment Management Limited

Address

W1T 3PT

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

PGIM Real Estate

Address

WC2N 5HR

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Schroders

Address

EC2Y 5AU

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

UBS Global Asset Management

Address

EC2M 2QS

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Aberdeen Standard Investments

Address

EH2 2LL

Reference

None

Supplier is SME?

No

Supplier is VCSE?

Yes

BNP Paribas Real Estate Advisory & Property Management UK Li

Address

EC2V 7BP

Reference

None

Supplier is SME?

No

Supplier is VCSE?

Yes

CBRE Capital Advisors Limited

Address

W1G 0NB

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Avison Young (UK) Ltd

Address

B1 2JB

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Cushman & Wakefield

Address

EC2N 1AR

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Knight Frank

Address

N2 9EL

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

Savills (UK) Ltd

Address

W1G 0JD

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

APAM Ltd

Address

W1U 1AY

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

Colliers International Property Advisers UK LLP

Address

W1U 7GA

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Columbia Threadneedle Investment

Address

EC4N 6AG

Reference

None

Supplier is SME?

No

Supplier is VCSE?

Yes

Palmer Capital

Address

W1S 3AE

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

Praxis Real Estate Management

Address

W1S 1YQ

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No


About the buyer

Contact name

Natalie McCarthy

Address

4th Floor, Waterside House
Waterside Plaza
Sale
M33 7ZF
United Kingdom

Telephone

+44 1619121616

Email

Natalie.McCarthy@star-procurement.gov.uk

Website

http://www.star-procurement.gov.uk