Award

Real Estate Demand Study

WEST YORKSHIRE COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Award

30 Jul 2024 at 17:18

Award Notice
Summary of the contracting process

The West Yorkshire Combined Authority (WYCA) has awarded a contract to CBRE Limited for conducting a Real Estate Demand Study, focusing primarily on the Life Sciences sector with a secondary focus on Digital Technology. This public procurement falls under the Research and Development Consultancy Services category and concerns the region of Yorkshire and the Humber in the United Kingdom. The procurement stage is in the "Award" phase, and the study is scheduled to begin on 5 August 2024 and conclude on 29 November 2024. The procurement method used was an open procedure, with the tender period having ended on 15 July 2024.

This tender offers a promising opportunity for businesses specialising in real estate and development consultancy, particularly those with expertise in the Life Sciences and Digital Tech sectors. By participating, businesses can contribute to strategically significant market research and foster growth in these key regional industries. Ideal candidates include SMEs involved in non-residential property services and real estate development. The study aims to identify gaps in the market, suggest development measures, and support scaling companies, providing ample scope for establishing long-term collaborations and expanding business operations.

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Notice Information

Notice Title

Real Estate Demand Study

Notice Description

The West Yorkshire Combined Authority (WYCA) wishes to procure property market expert advice from real estate and development professionals (RICS registered) that explores opportunities for developing real estate and provide evidence on how this will service a gap in the national and international marketplace. The study should focus primarily on the Life Sciences sector, with Digital Tech as a secondary focus (as a key enabler of the Healthtech sector). The study should be conducted with reference to well-evidenced regional strengths in the Healthtech/Life Sciences and Digital Technology sectors, including the talent pipeline and ecosystem in the region, and assess the basis for developing specific Life Sciences real estate, in particular, to fuel growth in the sector. The study will also identify a longer-term pipeline of Life Sciences companies outside the region and the UK who have the potential to capitalise on real estate opportunities at strategically relevant time points e.g. lease expiry, outgrowing existing space. We are keen to understand opportunities to support scaling companies, including in Life Sciences manufacturing as well as research and development. The report should also recommend measures to strengthen regional engagement with relevant developers over the medium to long term. The report should also assess current environments to foster Healthtech and Digital Tech start-ups and scale ups, the extent to which the current office real estate market provides suitable accommodation to foster Digital Tech growth across the region, including specific infrastructure requirements, and opportunities to further develop given West Yorkshire digital sector strengths.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f2057b6b-845a-49f3-845f-c583336f9706
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6612c1bc-324d-4110-ac51-104920a00e32
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

73 - Research and development services and related consultancy services

CPV Codes

70110000 - Development services of real estate

70112000 - Development of non-residential real estate

70332000 - Non-residential property services

73200000 - Research and development consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Jul 20241 years ago
Submission Deadline
15 Jul 2024Expired
Future Notice Date
Not specified
Award Date
29 Jul 20241 years ago
Contract Period
4 Aug 2024 - 29 Nov 2024 1-6 months
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
WEST YORKSHIRE COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 2DE
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Leeds
Electoral Ward
Little London & Woodhouse
Westminster Constituency
Leeds Central and Headingley

Supplier Information

Number of Suppliers
1
Supplier Name

CBRE

Further Information

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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