MPF- Independant Property Valuer

Contract summary

Industry

• Portfolio management services - 66140000

• Pension services - 66520000

Location of contract

North West

Value of contract

£300,000

Procurement reference

CF1V3-20160301-00001232

Published date

3 March 2016

Closing date

4 January 2016

Contract start date

1 February 2016

Contract end date

31 January 2021

Contract type

Service contract

Procedure type

Not specified

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

Merseyside Pension Fund (MPF) is a Local Government Pension Fund and administered by Wirral Borough Council on behalf of five Councils in the Merseyside area and a wide range of other employing bodies. The value of the Fund was £6.5bn as at 30 September 2015 with 128,254 members and over 46,000 pensioners as at 31 March2015.

The contract is for the provision of an Independent Valuation for the UK direct property portfolio valued £380m as at 30 September 2015, every quarter. (APPENDIX 1). The direct property portfolio is managed on an advisory basis with the Strategic Property Adviser, currently CBRE Capital Advisers Ltd and the Property Manager (Operational), currently CBRE Ltd Asset Services. Both these contracts have recently been tendered and evaluation of the responses has not been concluded.

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More information

Additional text

All correspondence and submissions via The Chest

https://www.the-chest.org.uk/
All correspondence via The Chest

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Award information

Awarded date

25 January 2016

Contract start date

1 February 2016

Contract end date

31 January 2021

Total value of contract

£300,000

This contract was awarded to 1 supplier.

Savills (UK) Limited

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About the buyer

Contact name

Head of Procurement

Address

Old Market House, 4th Floor, West Wing
Hamilton Street
Birkenhead
CH41 5AL
UK

Telephone

+44 1516062000

Email

tenders@wirral.gov.uk

Website

http://www.wirral.gov.uk/