Published date: 13 September 2019

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


Closing: 23 August 2019

Contract summary

Industry

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

Location of contract

London

Value of contract

£3,000,000

Procurement reference

BIP429054045

Published date

13 September 2019

Closing date

23 August 2019

Contract start date

9 September 2019

Contract end date

10 September 2029

Contract type

Service contract

Procedure type

Negotiated procedure

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Peabody Trust ("Peabody") is tendering the property management services for its London commercial property investment portfolio.

Peabody has, to date, not acted as a commercial property focused developer but has retained its commercial property assets delivered through planning and the portfolio is associated with both historic and current residential development. Whilst the current portfolio is situated throughout London, Peabody now operates with a 30 miles radius of London so there may be commercial units in future schemes in surrounding counties. The current portfolio yields an income of circa £4 million pa and a value of circa £85 million. Based on our current mixed-use development pipeline, we envisage that this rent roll is likely to more than double over the next five years.

More information

Links

Award information

Awarded date

23 August 2019

Contract start date

9 September 2019

Contract end date

10 September 2029

Total value of contract

£3,000,000

This contract was awarded to 1 supplier.

BNP Paribas Real Estate Advisory & Property Management UK Li

Address

5 Aldermanbury Square
London
EC2V 7BP

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Minster Court
45-47 Westminster Bridge Road
London
SE1 7JB
UK

Telephone

+447715634164

Email

reena.nijjar@peabody.org.uk