Tender

London Commercial Property Management

PEABODY TRUST

This public procurement record has 1 release in its history.

Tender

02 May 2019 at 06:57

Summary of the contracting process

Peabody Trust is currently conducting a tender for property management services related to its London commercial property investment portfolio, titled "London Commercial Property Management." This procurement falls within the services industry category, operating primarily in London but potentially extending services within a 30-mile radius. The tender is at the active planning stage, with a submission deadline set for 29 May 2019. The contract is expected to start on 3 September 2019, lasting until 31 August 2029, aiming to manage properties with current earnings of approximately £4 million per annum and a value of around £85 million.

This tender presents significant growth opportunities for businesses specialising in property management, particularly those that are small to medium enterprises (SMEs). Given the potential for portfolio expansion and increased income, firms with an expertise in commercial property management, particularly within the London area, would be well-positioned to compete. The use of a selective procurement method indicates that Peabody Trust is looking for qualified bidders who can meet their specific requirements, fostering a competitive environment for strong, capable businesses.

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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.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ce251c7b-0b5a-42e2-94cf-3496bbdfe43b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3130c4c8-c1bb-466b-bdf4-5b8fd8aefc37
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
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
2 May 20196 years ago
Submission Deadline
29 May 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Sep 2019 - 31 Aug 2029 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
PEABODY TRUST
Contact Name
Not specified
Contact Email
reena.nijjar@peabody.org.uk
Contact Phone
+447715634164

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

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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