Published date: 26 July 2024

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


Closing: 25 July 2024, 12am

Contract summary

Industry

  • Commercial property management services - 70332200

Location of contract

London

Value of contract

£87,750

Procurement reference

BIP878371266

Published date

26 July 2024

Closing date

25 July 2024

Closing time

12am

Contract start date

1 August 2024

Contract end date

30 July 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 London Legacy Development Corporation (LLDC), with a 12-year operational history, is seeking a qualified and experienced property consultancy to manage its owned and occupied assets and locations. The LLDC's portfolio, which will eventually be developed, generates important interim income. Therefore, effective management of these tenants and properties is crucial, including rent collection.

The Service Provider is expected to proactively manage the LLDC's owned and occupied assets and locations that are not under development, using a coordinated approach to ensure legal obligations are fulfilled, commercial opportunities are maximised, and sites are available and prepared for development at the relevant time.

LLDC currently has a contract with a single service provider that is due to end mid-2024. Therefore, a re-tender is required for this business-critical service.

This requirement is for LLDC and its subsidiary operations including Stratford Waterfront Retail Management Company Limited.

EXPECTED DURATION: 3 Year Contract

More information

Links

Additional text

The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Award information

Awarded date

25 July 2024

Contract start date

1 August 2024

Contract end date

30 July 2027

Total value of contract

£87,750

This contract was awarded to 1 supplier.

Estama (UK) Ltd

Address

2nd Floor 5-6 Clipstone Street,
London
W1W6BB

Reference

None

Supplier is SME?

Yes

About the buyer

Contact name

Ryan Conroy

Address

Level 9, Five Endeavour Square
Westfield Avenue
London
E20 1JN
UK

Telephone

00000000000

Email

ryanconroy@tfl.gov.uk