Award

Real Estate Services

BANK OF ENGLAND

This public procurement record has 3 releases in its history.

AwardUpdate

27 Jan 2026 at 16:46

AwardUpdate

27 Jan 2026 at 16:08

Award

22 Jan 2026 at 11:35

Summary of the contracting process

The Bank of England has completed a public procurement process for real estate services, specifically for property transactions. This tender, titled "Real Estate Services", falls under the services category with a classification ID of 70000000, denoting real estate services. The procurement was conducted through a selective method, specifically a call-off from a framework agreement. The tender involved services in London, United Kingdom, with the award status active as of 16 January 2026. The contract period is set to begin on 1 February 2026 and will end on 30 September 2027. The total contract value is £138,750 GBP.

This tender presents significant opportunities for large-scale businesses in the real estate sector, particularly those experienced in handling property transactions through framework agreements. Such firms can leverage the prestige and stability of working with a major institution like the Bank of England. While small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are not specifically targeted for this procurement, large enterprises, exemplified by Knight Frank LLP, the awarded supplier, have demonstrated suitability for this contract. Engaging in this tender could enhance a company's portfolio and reputation within the public sector services market.

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Notice Title

Real Estate Services

Notice Description

Real Estate services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-872f2de5-7fa6-4872-93e5-93aa33dd210e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/83e38eaa-98cb-4c45-967d-3ba1f89d262b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£138,750 £100K-£500K
Lots Value
Not specified
Awards Value
£138,750 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jan 20263 weeks ago
Submission Deadline
16 Oct 2025Expired
Future Notice Date
Not specified
Award Date
16 Jan 20261 months ago
Contract Period
1 Feb 2026 - 30 Sep 2027 1-2 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
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
fm.contracts@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
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
TLI London

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KNIGHT FRANK

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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