Award

Negotiation of rent reviews and lease renewals in Bury St Edmunds, Mildenhall and Brandon - AWARD

WEST SUFFOLK COUNCIL

This public procurement record has 1 release in its history.

Award

13 Jul 2022 at 10:42

Summary of the contracting process

The public procurement process involves West Suffolk Council, which is seeking to negotiate rent reviews and lease renewals for its commercial property portfolio across Bury St Edmunds, Mildenhall, and Brandon. This tender, titled "Negotiation of rent reviews and lease renewals in Bury St Edmunds, Mildenhall and Brandon - AWARD", falls under the real estate services industry category. The procurement stage is currently at the Award phase, with the contract period starting from 11 July 2022 and lasting until 10 July 2024. The tender period concluded on 13 May 2022, and the awarded contract is valued at £27,000. The successful supplier for this contract is Hazells & Co. BSE Ltd.

This tender presents an opportunity for businesses specialising in real estate services, particularly those equipped to handle negotiations for property leases and reviews. Small and medium-sized enterprises (SMEs) in the property management and consultancy sector would find this procurement attractive, given the ongoing demand for expertise in navigating rent negotiations within the council’s extensive property portfolio. This process could potentially lead to further projects within the same regional market, contributing to business growth and expansion in related services.

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Notice Title

Negotiation of rent reviews and lease renewals in Bury St Edmunds, Mildenhall and Brandon - AWARD

Notice Description

West Suffolk Council owns and manages a commercial property portfolio with over 300 tenants and it is seeking to commission property professionals to negotiate outstanding rent reviews and lease renewals.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-65102549-fbe0-4bf5-9a3d-05d22232aa81
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dcd4c30b-fd12-4c61-a69b-4bb755476654
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
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£27,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jul 20223 years ago
Submission Deadline
13 May 2022Expired
Future Notice Date
Not specified
Award Date
24 May 20223 years ago
Contract Period
10 Jul 2022 - 10 Jul 2024 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WEST SUFFOLK 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
SUFFOLK
Postcode
IP33 3YU
Post Town
Ipswich
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH6 Suffolk
Small Region (ITL 3)
TLH64 West Suffolk
Delivery Location
Not specified

Local Authority
West Suffolk
Electoral Ward
Minden
Westminster Constituency
Bury St Edmunds and Stowmarket

Supplier Information

Number of Suppliers
1
Supplier Name

HAZELLS & CO. BSE

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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