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Northern LGPS Property Framework

Tameside Metropolitan Borough Council

This public procurement record has 2 releases in its history.

Award

02 Mar 2021 at 10:22

Award Notice
Tender

11 May 2020 at 08:50

Tender Notice
Summary of the contracting process

The procurement process, titled "Northern LGPS Property Framework," is being conducted by Tameside Metropolitan Borough Council, focusing on the investment property management services sector within the UK. This open tender aims to establish a framework comprising six Lots, enabling various funds to procure services as needed. The tender was published on 11th May 2020, with an application deadline of 3rd July 2020, and it is currently at the award stage following completion on 2nd March 2021. The total value of mandates across the three involved funds is approximately £2 billion, with potential awards estimated between £2 billion and £2.5 billion over the framework's lifetime, which runs until 31st August 2027.

This tender presents significant opportunities for growth, particularly for SMEs engaged in investment property management services. Businesses that can navigate the procurement process effectively and are well-suited to contribute to the six specific Lots stand to gain considerable new contracts. With the substantial financial value and the diversity of service requirements, firms specialising in property management, investment consultancy, and related fields would be ideal candidates for participation and collaboration in this framework.

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Notice Information

Notice Title

Northern LGPS Property Framework

Notice Description

The Northern LGPS (GMPF, MPF, & WYPF) wishes to set up a framework for Investment Property Management Services. Full details of the requirements are set out in the tender pack. In summary, the framework will comprise 6 areas of work divided into Lots. Each Lot will have a number of providers, from whom each of the funds can procure services by way of a mini-competition depending on its needs. As can be seen, the current total value of mandates across all three funds is PS2 billion (PS2,000,000,000). Some of the current mandates overlap across the way the Lots have been divided up, and so the total amount of mandated work from a particular fund may not increase significantly when divided across the Lots. The Northern LGPS estimates that mandates totalling approximately PS2 bn - PS2.5 bn may be awarded under the lifetime of the framework across all Lots. Additional information: DO NOT contact the buyer direct. You should go to the Chest and electronically express your interest in the requirement, after which point the necessary documentation will be made available to you. All correspondence in regards to this requirement must through the messages function of the Chest, no correspondence will be issued by STAR, the Council, or GMPF outside of the Chest.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0240284c-f07b-4627-a373-9b80272812f4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/612840cc-5749-4e19-aacd-d749813d9cb3
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

Notice Value(s)

Tender Value
£12,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£12,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Mar 20215 years ago
Submission Deadline
3 Jul 2020Expired
Future Notice Date
Not specified
Award Date
4 Jan 20215 years ago
Contract Period
15 Mar 2021 - 14 Mar 2028 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Tameside Metropolitan Borough Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SALE
Postcode
M33 7ZF
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
TLD North West (England)
Local Authority
Trafford
Electoral Ward
Sale Central
Westminster Constituency
Wythenshawe and Sale East

Supplier Information

Number of Suppliers
24
Supplier Names

AEW UK Investment Management LLP

Aviva Investors

CBRE Global Investors

DTZ Investment Management

Federated Hermes

La Salle Investment Management

LGIM

M&G Real Estate Limited

Mayfair Capital Investment Management Limited

PGIM Real Estate

SCHRODERS PLC

UBS Global Asset Management

Aberdeen Standard Investments

BNP Paribas Real Estate Advisory & Property Management UK Li

CBRE Capital Advisors Limited

Avison Young (UK) Limited

Cushman & Wakefield

Knight Frank LLP

Savills (UK) Limited

APAM Ltd

Colliers International Property Advisers UK LLP

Columbia Threadneedle Investment

Palmer Capital

Praxis Real Estate Management Ltd

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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