Property Management Services

Contract summary

Industry

• Property management services of real estate on a fee or contract basis - 70330000

Location of contract

East of England

Value of contract

£1,000,000

Procurement reference

UDC/2023/PROPERTYMANAGEMENTSERVICES

Published date

7 September 2023

Closing date

3 September 2023

Closing time

12pm

Contract start date

4 September 2023

Contract end date

3 September 2024

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

. Transaction Management
a. Supporting the Client in determining the optimal structuring of the transaction, in light of the 50% ownership share
b. Developing and executing an optimal strategy for serving and dealing with the ROFO
c. Constructing a bespoke cashflow to be used in appraising disposal options and adapted for marketing purposes
d. Providing the Client with information and financial analytics required to secure their relevant approvals to the proposed disposal.
e. Working with the appointed legal and tax advisors to establish the optimal tax and governance structure, in light of the 50% ownership share
f. Undertaking detailed due diligence ahead of marketing. Including but not limited to:-
• Review of title information provided by the Client's lawyers
• Review of detailed tenancy schedule, non-recoverable opex, occupier financial covenant information, park running costs and service charge budgets
• Review of ground surveys and advising on commissioning of new surveys if appropriate
• Review of building survey information and advising on commissioning of new surveys if appropriate
• Review of flood assessment reports
• Review of Cost programme and development costs for development plots

Technical Building Surveys
Exact scope of services to be agreed and determined following instruction. Services envisaged for a project of this nature include;
a. Document Review - review key technical and legal documentation that is provided to it.
b. Property Inspection - carry out an inspection of each Property in a single visit, subject to any restrictions imposed by the Client/occupier and any safety considerations. The scope of the inspection is indicated in item 1 of the Basis of Appointment below. Roofs and high-level elements will largely be inspected from ground level and vantage points available. Cherry picker mobile access platforms will be hired if necessary. During the inspection enquiries will be made to the building manager or any technical representatives who are available for consultation.

Fee Calculation

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Award information

Awarded date

6 September 2023

Contract start date

4 September 2023

Contract end date

3 September 2024

Total value of contract

£1,000,000

This contract was awarded to 1 supplier.

CUSHMAN & WAKEFIELD DEBENHAM TIE LEUNG LIMITED

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About the buyer

Contact name

Ben Glasson

Address

Civic Centre, Duke Street
CHELMSFORD
CM11JE
England

Telephone

44 1245 606776

Email

ben.glasson@chelmsford.gov.uk