Published date: 22 April 2025
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Banking and investment services - 66100000
Location of contract
England
Value of contract
£2,500,000
Procurement reference
ECC001-DN660817-59708400
Published date
22 April 2025
Closing date
11 November 2024
Closing time
12pm
Contract start date
1 March 2025
Contract end date
28 February 2030
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
Essex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund.\r
\r
The Essex Renewal Fund ("ERF") is a revolving investment fund supporting the delivery of new homes and jobs. It does this through land and property projects that the market wouldn't deliver - or, may not deliver to such high standards. It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy.\r
The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.
More information
Previous notice about this procurement
Essex Renewal Fund Services - Fund and Asset Management
- Opportunity
- Published 1 October 2024
Award information
Awarded date
31 March 2025
Contract start date
1 April 2025
Contract end date
31 March 2030
Total value of contract
£1,350,406.30
This contract was awarded to 1 supplier.
Montagu Evans LLP
Address
Montagu Evans LLP
70 St Mar Axe,
London
EC3A 8BEReference
None
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Contact name
Josh Carter
Address
County Hall
Market Road
Chelmsford
CM1 1QH
United Kingdom
Telephone
+44 333
Website
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Closing: 11 November 2024, 12pm