Award

Lease negotiations with 6 commercial tenants

LONDON BOROUGH OF HACKNEY

This public procurement record has 1 release in its history.

Award

19 Aug 2020 at 13:07

Summary of the contracting process

The London Borough of Hackney is undertaking a procurement process for lease negotiations with six commercial tenants, focusing on non-residential property renting or leasing services. The procurement method is an open procedure, with the tender period concluding on 15 July 2020. The awarded contract, valued at £57,000, covers the contract period from 23 August 2020 to 31 December 2020, aimed at addressing tenant requests for flexible lease terms amid ongoing pandemic challenges.

This tender presents significant opportunities for businesses engaged in commercial real estate and property management, particularly those capable of offering innovative leasing solutions. Companies that can navigate financial negotiations and adapt to changing market conditions would find themselves well-suited to compete in this procurement process. With the emphasis on fostering tenant relationships during economic recovery, this could also benefit businesses focused on tenant advisory and support services.

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Notice Title

Lease negotiations with 6 commercial tenants

Notice Description

Tenants have approached for rent free or moving to a more flexible lease terms during this pandemic until the economy recovers fully. Some tenants indicated they will close their restaurants from the decline in footfall if the Council does not respond quick enough. There are significant risks of void costs from the units becoming vacant, business rates and loss of jobs.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ddb4180a-9713-420b-9b86-0c276ee093ac
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f5545cc6-7952-4e77-b6e0-dad2d5597490
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70220000 - Non-residential property renting or leasing services

Notice Value(s)

Tender Value
£57,000 Under £100K
Lots Value
Not specified
Awards Value
£57,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Aug 20205 years ago
Submission Deadline
14 Jul 2020Expired
Future Notice Date
Not specified
Award Date
15 Jul 20205 years ago
Contract Period
22 Aug 2020 - 31 Dec 2020 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF HACKNEY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HACKNEY
Postcode
E8 1DY
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Hackney
Electoral Ward
Hackney Central
Westminster Constituency
Hackney South and Shoreditch

Supplier Information

Number of Suppliers
1
Supplier Name

CF COMMERCIAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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