Tender

London Commercial Property Management

PEABODY TRUST

This public procurement record has 1 release in its history.

Tender

31 Mar 2019 at 12:06

Tender Notice
Summary of the contracting process

The Peabody Trust is currently conducting a tender for property management services for its commercial property investment portfolio in London. The tender, titled "London Commercial Property Management," is part of a planned procurement process set to conclude on 8th April 2019. The selected contractor will manage properties located within a 30-mile radius of London, potentially expanding into surrounding counties, with a contract starting on 30th April 2019 and lasting until 31st March 2023. The managing portfolio is valued at approximately £85 million and generates an annual income of around £4 million, with anticipated growth projected in the coming years.

This tender presents a prime opportunity for businesses specialising in property management services, particularly small and medium-sized enterprises (SMEs) that have the capacity to manage commercial real estate. Companies with experience in mixed-use developments or those familiar with the London market would be particularly well-suited to compete. The open morning on 8th April will serve as an ideal platform for interested parties to express their interest and engage directly with Peabody Trust, potentially paving the way for lucrative contracts and the expansion of their service offerings.

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Notice Information

Notice Title

London Commercial Property Management

Notice Description

Peabody Trust ("Peabody") is tendering the property management services for its London commercial property investment portfolio. As such we are proposing to hold a supplier open morning on Monday 8th April from 9am to 11am April at 45 Westminster Bridge Road, London SE1 7JB and gain expressions of interest from the market. 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 PS4 million pa and a value of circa PS85 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-30b680df-1d09-46ad-87f5-21ed42d1de0a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/35594000-52e4-402e-b4a6-7ad2c2a69f0f
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

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

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Mar 20196 years ago
Submission Deadline
8 Apr 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
29 Apr 2019 - 31 Mar 2023 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
PEABODY TRUST
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
SE1 7JB
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London
Local Authority
Southwark
Electoral Ward
St George's
Westminster Constituency
Bermondsey and Old Southwark

Further Information

Notice Documents

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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