Award

London Commercial Property Management

PEABODY TRUST

This public procurement record has 1 release in its history.

Award

13 Sep 2019 at 06:10

Award Notice
Summary of the contracting process

The Peabody Trust is currently engaged in the award stage of the procurement process for property management services related to its London commercial property investment portfolio, titled "London Commercial Property Management". The contract, valued at £3 million, commenced on 9th September 2019 and is set to last until 10th September 2029. This procurement process uses a selective method, specifically a negotiated procedure, to assess the bidders. The properties involved are located throughout London and may extend to surrounding counties, as Peabody operates within a 30-mile radius of the capital.

This tender presents substantial opportunities for businesses looking to expand their footprint in the property management sector. Companies specialising in real estate management services, particularly those with experience handling large portfolios in urban settings, would be well-suited to compete. Given that Peabody anticipates its rent roll to significantly increase in the coming years, suppliers that can demonstrate expertise in managing commercial properties and delivering sustainable service levels may find this contract particularly advantageous for business growth.

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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. 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-be2206ea-b091-462b-991b-2c09c18b65cb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ef56a777-6a8f-433a-833e-666099522b30
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
Tender Suitability
SME
Awardee Scale
Large

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

Notice Dates

Publication Date
13 Sep 20196 years ago
Submission Deadline
23 Aug 2019Expired
Future Notice Date
Not specified
Award Date
22 Aug 20196 years ago
Contract Period
8 Sep 2019 - 10 Sep 2029 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
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

Supplier Information

Number of Suppliers
1
Supplier Name

BNP PARIBAS REAL ESTATE ADVISORY & PROPERTY MANAGEMENT UK LI

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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