Student Accommodation Property and Letting Manager

Contract summary

Industry

• Real estate services - 70000000

• Accommodation management services - 98341100

Location of contract

North West

Value of contract

£3,800,000 to £3,900,000

Procurement reference

Student Accommodation Property and Letting Manager

Published date

8 April 2019

Closing date

19 November 2018

Contract start date

11 January 2019

Contract end date

27 August 2028

Contract type

Service contract

Procedure type

Restricted procedure (above threshold)

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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Private procurement rules

Supply chain notices are business-to-business transactions and are not bound by the same rules and restrictions as public sector contracts. The UK government is not responsible for the conduct of such procurement.

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Description

Knight Frank Investment Management LLP is seeking to procure a Property and Letting Manager for St Leonard's House, St Leonard's Gate, Lancaster, LA1 1NN.

Knight Frank Investment Management LLP is seeking an option to procure a Property and Letting Manager for Friargate Court, 154 Market Street West, Preston, PR1 2AT

St Leonard's House is a 179 bed purpose built student accommodation scheme which is currently under construction and which will be available for occupation at the start of the 2019/2020 academic year.

If required by KFIM, the successful Property and Letting Manager will be required to take on a scheme at Friargate Court, 154 Market Street West, Preston, PR1 2AT. This is not a commitment to allocate the Preston property to the successful Bidder.

Friargate Court is a 244 bed purpose built scheme which is currently available, with planning consent in place to let rooms to students in full time education, apprentices or key workers, or during vacations by delegates attending conferences, exhibitions, courses training, graduates, conferences and other events which are taking place at a recognised educational establishment. The building comprises ground floor street level retail and a ground floor café (not operational). The ground floor café is situated within the building.

The estimated total contract value of the St Leonard's House, Lancaster opportunity in isolation is £4,190,000.
The estimated total contract value of the Friargate Court, 154 Market Street West, Preston opportunity in isolation is £5,700,000.

Knight Frank Investment Management LLP is managing this procurement process and will follow the Restricted procedure in accordance with the Public Contracts Regulations 2015. This process is being followed because the buildings are owned by Lancashire County Council, a local government body that is required to comply with the Public Contracts Regulations 2015. Potential suppliers should note that the successful tenderer will be required to contract with KFIM.

The contract will be for a period to commence in November 2018 and expire in August 2028. The client will have the ability, at its own discretion, to extend the contract for two further periods of 12 months each. The client will also have the ability to terminate the contract on 3 months' notice, such notice to expire on or after August 2023. This contract will be subject to performance.

KFIM is managing this procurement process. The successful bidder will be required to contract with KFIM directly.

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More information

Attachments

• Property information for management tender - FINAL.pdf
• Award notice
• Property Summaries

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Award information

Awarded date

21 December 2018

Contract start date

11 January 2019

Contract end date

27 August 2028

Total value of contract

£3,800,000

This contract was awarded to 1 supplier.

Homes for Students

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About the buyer

Contact name

Holly Woodhead

Address

Saddlers House
Gutter
London
EC2V 6BR
England

Telephone

02078615460

Email

Holly.Woodhead@KF-IM.com