Award

Property Agent for the Disposal of Lambeth Hospital

GUY'S AND ST THOMAS' NHS FOUNDATION TRUST

This public procurement record has 1 release in its history.

Award

23 Dec 2024 at 08:37

Award Notice
Summary of the contracting process

The South London and Maudsley NHS Foundation Trust has awarded a contract to CBRE Limited for the disposal of the Lambeth Hospital site, classified under Facilities Management Services (CPV code 79993100). The project entails marketing and selling the property, which has become redundant following the development of two new clinical buildings. The contract commenced on 29 November 2024 and will run until 29 November 2026. The tender process went through the stages of scoping, procurement, project management of site due diligence, and then selling the site with current or amended planning consents. The contract's value is £710,849, reflecting a combination of a fixed fee and a performance-based incentive.

This procurement process offers substantial business growth opportunities for companies specialised in property management, marketing, and real estate brokerage, particularly those with expertise in large-scale property sales and due diligence. The requirement for comprehensive marketing strategies and coordination with legal and consultancy services means businesses that can provide integrated services will be well-suited to compete. While the contract's suitability is not specifically targeted at SMEs or VCSEs, large organisations with the capacity to manage high-value and complex transactions are encouraged to take notice of such opportunities to leverage their expertise and drive competitive bidding in future tenders.

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Notice Information

Notice Title

Property Agent for the Disposal of Lambeth Hospital

Notice Description

The South London and Maudsley NHS Foundation Trust has invested in the development of two new clinical buildings, namely Douglas Bennet House & the Pears Maudsley Centre for Young Persons Mental Health. These facilities have allowed for a reorganisation of services, resulting in the Lambeth Hospital site becoming surplus to requirements. The brief was to market and sell the property on behalf of the Trust. The requirement was divided into two stages: Stage 1: Manage the scoping, procurement, and project management of site due diligence for the Lambeth Hospital sale. Services included: - Recommending the appointment of consultants (demonstrating best value to the Trust), coordinating and overseeing all site due diligence and marketing strategy activities. - Provide market advice and intelligence to prepare the Property for sale in line with agreed sale objectives, reviewing the information available and collating technical due diligence required to protect enhance value. - To appraise the project to identify value parameters to assist in setting a clear pricing message. - To development and coordination of the marketing strategy, attending any workshops, meetings and briefings as required by the Trust. Stage 2: Sell the site with the benefit of current (or amended) planning consents. Services included: - To offer the Property for sale as a Freehold development opportunity. To undertake a far and wide marketing campaign to satisfy Trust governance. - To manage the preparation of all necessary marketing materials, utilising third party marketing and design agencies as required (and as agreed with the Client). - Prepare relevant marketing materials. To present the opportunity to the market with presentations to potential purchaser, undertake site inspections and provide relevant information. - Act as main point of contact in the market, facilitating discussions, leading the negotiations. - To provide regular updates to the Client throughout the process and maintain the marketing data room. - To monitor market performance and advise the Client accordingly. - To drive value through competitive bidding. - To invite second round bids, interview and select the preferred purchaser. - Coordinate and evaluate returns in accordance with pre agreed evaluation criteria. - Engagement with KPMG to undertake all work required to complete the business case- roles to be agreed - To negotiate Heads of Terms of sale and liaise with Lawyers through to completion taking instructions from the Client on commercial and legal issues. The contract value consists of a once off contract fee for marketing and due diligence, thereafter fixed percentage basis against the Gross Land Value up to a maximum amount thereafter an incentivised element in addition to the base fee will apply.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-56617d15-b542-4b00-aedc-8441b4d8903e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/29e67d82-16d2-4f1e-ae18-e05bfa31f927
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79993100 - Facilities management services

Notice Value(s)

Tender Value
£710,849 £500K-£1M
Lots Value
Not specified
Awards Value
£224,849 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Dec 20241 years ago
Submission Deadline
28 Nov 2024Expired
Future Notice Date
Not specified
Award Date
29 Nov 20241 years ago
Contract Period
29 Nov 2024 - 29 Nov 2026 2-3 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
GUY'S AND ST THOMAS' NHS FOUNDATION 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 9RT
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
Not specified
Local Authority
Southwark
Electoral Ward
London Bridge & West Bermondsey
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

CBRE

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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