Award

Student Accommodation Property and Letting Manager

KFIM UK INVESTMENTS LIMITED

This public procurement record has 1 release in its history.

Award

08 Apr 2019 at 10:33

Award Notice
Summary of the contracting process

Knight Frank Investment Management LLP is initiating the procurement process for a Property and Letting Manager for two student accommodation schemes: St Leonard's House in Lancaster and Friargate Court in Preston. The tender is currently in the award stage, with the contract valued at approximately £3.9 million for St Leonard's House and £5.7 million for Friargate Court. The contract is set to commence on 11 January 2019 and will run until 27 August 2028, with options for two additional one-year extensions. The procurement follows a restricted procedure in accordance with the Public Contracts Regulations 2015, with a tender deadline that has already passed on 19 November 2018.

This opportunity is particularly suitable for businesses specialising in property management, particularly those experienced in handling student accommodation and letting services. Successful bidders will have the chance to establish long-term contracts with the potential for extensions, thereby fostering business growth and stability over the ten-year period. Companies with capabilities in managing both residential and commercial spaces may find this tender especially lucrative, considering the diverse range of potential clients and scenarios mentioned in the contract specifications.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Student Accommodation Property and Letting Manager

Notice Description

Knight Frank Investment Management LLP is seeking to procure a Property and Letting Manager for St Leonard's House, St Leonard's Gate, Lancaster, LA1 1NN. Knight Frank Investment Management LLP is seeking an option to procure a Property and Letting Manager for Friargate Court, 154 Market Street West, Preston, PR1 2AT St Leonard's House is a 179 bed purpose built student accommodation scheme which is currently under construction and which will be available for occupation at the start of the 2019/2020 academic year. If required by KFIM, the successful Property and Letting Manager will be required to take on a scheme at Friargate Court, 154 Market Street West, Preston, PR1 2AT. This is not a commitment to allocate the Preston property to the successful Bidder. Friargate Court is a 244 bed purpose built scheme which is currently available, with planning consent in place to let rooms to students in full time education, apprentices or key workers, or during vacations by delegates attending conferences, exhibitions, courses training, graduates, conferences and other events which are taking place at a recognised educational establishment. The building comprises ground floor street level retail and a ground floor cafe (not operational). The ground floor cafe is situated within the building. The estimated total contract value of the St Leonard's House, Lancaster opportunity in isolation is PS4,190,000. The estimated total contract value of the Friargate Court, 154 Market Street West, Preston opportunity in isolation is PS5,700,000. Knight Frank Investment Management LLP is managing this procurement process and will follow the Restricted procedure in accordance with the Public Contracts Regulations 2015. This process is being followed because the buildings are owned by Lancashire County Council, a local government body that is required to comply with the Public Contracts Regulations 2015. Potential suppliers should note that the successful tenderer will be required to contract with KFIM. The contract will be for a period to commence in November 2018 and expire in August 2028. The client will have the ability, at its own discretion, to extend the contract for two further periods of 12 months each. The client will also have the ability to terminate the contract on 3 months' notice, such notice to expire on or after August 2023. This contract will be subject to performance. KFIM is managing this procurement process. The successful bidder will be required to contract with KFIM directly.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8c146fe3-8f49-4c37-86c1-7381332562b1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

98 - Other community, social and personal services

CPV Codes

70000000 - Real estate services

98341100 - Accommodation management services

Notice Value(s)

Tender Value
£3,900,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,800,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
8 Apr 20196 years ago
Submission Deadline
19 Nov 2018Expired
Future Notice Date
Not specified
Award Date
21 Dec 20187 years ago
Contract Period
11 Jan 2019 - 27 Aug 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
KFIM UK INVESTMENTS LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2V 6BR
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLD North West (England)
Local Authority
City of London
Electoral Ward
Cheap
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

HOMES FOR STUDENTS

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2-2019-04-08T11:33:08+01:00",
    "date": "2019-04-08T11:33:08+01:00",
    "ocid": "ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "Student Accommodation Property and Letting Manager",
        "title": "Student Accommodation Property and Letting Manager",
        "description": "Knight Frank Investment Management LLP is seeking to procure a Property and Letting Manager for St Leonard's House, St Leonard's Gate, Lancaster, LA1 1NN. Knight Frank Investment Management LLP is seeking an option to procure a Property and Letting Manager for Friargate Court, 154 Market Street West, Preston, PR1 2AT St Leonard's House is a 179 bed purpose built student accommodation scheme which is currently under construction and which will be available for occupation at the start of the 2019/2020 academic year. If required by KFIM, the successful Property and Letting Manager will be required to take on a scheme at Friargate Court, 154 Market Street West, Preston, PR1 2AT. This is not a commitment to allocate the Preston property to the successful Bidder. Friargate Court is a 244 bed purpose built scheme which is currently available, with planning consent in place to let rooms to students in full time education, apprentices or key workers, or during vacations by delegates attending conferences, exhibitions, courses training, graduates, conferences and other events which are taking place at a recognised educational establishment. The building comprises ground floor street level retail and a ground floor cafe (not operational). The ground floor cafe is situated within the building. The estimated total contract value of the St Leonard's House, Lancaster opportunity in isolation is PS4,190,000. The estimated total contract value of the Friargate Court, 154 Market Street West, Preston opportunity in isolation is PS5,700,000. Knight Frank Investment Management LLP is managing this procurement process and will follow the Restricted procedure in accordance with the Public Contracts Regulations 2015. This process is being followed because the buildings are owned by Lancashire County Council, a local government body that is required to comply with the Public Contracts Regulations 2015. Potential suppliers should note that the successful tenderer will be required to contract with KFIM. The contract will be for a period to commence in November 2018 and expire in August 2028. The client will have the ability, at its own discretion, to extend the contract for two further periods of 12 months each. The client will also have the ability to terminate the contract on 3 months' notice, such notice to expire on or after August 2023. This contract will be subject to performance. KFIM is managing this procurement process. The successful bidder will be required to contract with KFIM directly.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "70000000",
            "description": "Real estate services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "98341100",
                "description": "Accommodation management services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North West",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 3800000,
            "currency": "GBP"
        },
        "value": {
            "amount": 3900000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Restricted procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2018-11-19T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2019-01-11T00:00:00Z",
            "endDate": "2028-08-27T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "relatedProcesses": [
        {
            "id": "1",
            "relationship": [
                "parent"
            ]
        }
    ],
    "parties": [
        {
            "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/wA6d4Z3J",
            "name": "KFIM UK INVESTMENTS LIMITED",
            "identifier": {
                "legalName": "KFIM UK INVESTMENTS LIMITED",
                "scheme": "GB-SRS",
                "id": "supplierregistration.cabinetoffice.gov.uk/wA6d4Z3J"
            },
            "address": {
                "streetAddress": "Saddlers House, Gutter",
                "locality": "London",
                "postalCode": "EC2V 6BR",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Holly Woodhead",
                "email": "Holly.Woodhead@KF-IM.com",
                "telephone": "02078615460"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-109418",
            "name": "Homes for Students",
            "identifier": {
                "legalName": "Homes for Students"
            },
            "address": {
                "streetAddress": "The Innovation Centre Hornbeam Park Hornbeam House Hookstone Road Harrogate HG2 8QT"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/wA6d4Z3J",
        "name": "KFIM UK INVESTMENTS LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2-1",
            "status": "active",
            "date": "2018-12-21T00:00:00Z",
            "datePublished": "2019-04-08T11:33:08+01:00",
            "value": {
                "amount": 3800000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-109418",
                    "name": "Homes for Students"
                }
            ],
            "contractPeriod": {
                "startDate": "2019-01-11T00:00:00Z",
                "endDate": "2028-08-27T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/8c146fe3-8f49-4c37-86c1-7381332562b1",
                    "datePublished": "2019-04-08T11:33:08+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "awardNotice",
                    "description": "Property Summaries",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/3720099a-62c4-4795-9064-2dc83bfe0474",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}