Published date: 21 January 2019

This notice was replaced on 24 May 2019

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 24 May 2019, last edited 24 May 2019)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Real estate agency services on a fee or contract basis - 70300000

Location of contract

W8 7NX

Value of contract

£0

Procurement reference

tender_196353/734374

Published date

21 January 2019

Closing date

25 February 2019

Contract start date

10 May 2019

Contract end date

9 May 2034

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No


Description

The Royal Borough of Kensington and Chelsea Pension Fund the ('Pension Fund') operating under the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016 (SI 2016/946) is seeking to increase its allocation to UK property investments from the current level of around 5% to around 20%, through a bespoke segregated property portfolio. This Invitation to Tender invites proposals from parties with the capability to help the Pension Fund build and maintain a direct property portfolio and to provide on-going management services for the portfolio, including to:

- Advise on property acquisitions and disposals;
- Execute acquisitions and disposals, including contract negotiations and executions;
- Manage interacting with tenants and property management, including rent roll;
- Advise the Investment Committee on strategy; and
- Consider and implement structures to hold assets.


More information

Attachments

Links

Additional text

This procurement is being executed through the Council's electronic procurement portal, capitalesourcing.com.

This contract will have no fixed term. The date given in this Notice is purely notional. The value given for the contract is based on the method prescribed by Article 5(14)(b) of Directive 2014/24/EU.

Minimum standards for economic and financial standing and Professional and Technical Ability are set out in the Procurement Documents. Verification of Satisfaction of these requirements will take place before the award of contract.


About the buyer

Contact name

The Royal Borough of Kensington and Chelsea

Address

Kensington Town Hall, Hornton Street
London
W8 7NX
England

Email

mhopson@westminster.gov.uk

Website

ww.rbkc.gov.uk