Tender

Investment Management Services

SOUTH YORKSHIRE PENSIONS AUTHORITY

This public procurement record has 1 release in its history.

Tender

20 Feb 2025 at 09:40

Tender Notice
Summary of the contracting process

South Yorkshire Pensions Authority (SYPA) is initiating a selective tender process, seeking authorized investment management services for its Place Based Impact allocation. The procurement is focused on the banking and investment services industry category, specifically targeting the development of affordable, single-family housing in South Yorkshire through a build-to-rent model. The tender was published on 20 February 2025, with a closing date set for 28 March 2025. The contract will commence on 1 October 2025 and conclude on 30 September 2039. The procurement method will be a negotiated procedure, targeting investments totalling a minimum of £75 million and potentially rising to £95 million.

This tender offers a substantial opportunity for businesses specialising in investment management and those with a focus on sustainable housing development. Suitable candidates include SMEs with the expertise to deliver institutional funding, facilities management, and rent collection. By partnering with SYPA, businesses can secure a steady income yield while contributing to the growth of high-quality, affordable housing in South Yorkshire. The long-term nature of this contract, combined with the potential for capital growth, makes it particularly attractive for firms looking to expand their portfolio in the UK’s public sector housing market.

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Notice Information

Notice Title

Investment Management Services

Notice Description

SYPA is seeking to appoint an investment manager (authorised by the Financial Conduct Authority) to work in partnership with SYPA to deliver SYPA's planned investments into domestic housing within SYPA's Place Based Impact allocation. SYPA has allocated an initial c.PS75m of un-levered equity to this strategy with the objective to support the direct development of affordable, single-family housing in the geographical region of South Yorkshire through a build to rent model. SYPA aims to facilitate the building of high-quality and sustainable (as measured by an Energy Performance Certificate of A-C) private rental sector housing, with a proportion of units available to eligible tenants at a Discount to Market Rent. SYPA understands that affordability is a key concern for many, and SYPA intends to work with the investment manager to define the appropriate measures of affordability and the achievable Discount to Market Rent across the South Yorkshire region. Through this planned investment, SYPA will aim for a geographical spread of new housing across the four South Yorkshire districts of Barnsley, Doncaster, Rotherham and Sheffield. The partnership's objective will be to provide SYPA with sustainable long-term income and capital growth, secured against a portfolio of primarily new built private rental sector units in South Yorkshire. Once operationally stable, SYPA aims for the investment to deliver an income yield of 3-4% per annum and a target annual return of 6%. SYPA does not intend to become a registered social housing provider and/or landlord. The total SYPA allocation to this partnership is expected to grow as it is rebalanced in line with the overall pension fund as additional capital will be allocated to the partnership for investment to maintain its target weight within the overall strategic asset allocation. The value of the investment will be a minimum of PS75m and could increase to up to PS95m, as SYPA aims to maintain a 0.75% weighting of total assets to this mandate. SYPA does not intend the partnership vehicle to take on planning risk but intends to facilitate the development of housing through investing in a combination of forward funding or forward purchases and / or standing investments. The investment manager will oversee the facilities management and rent collection from these properties where SYPA expects to receive quarterly rental income from the properties, whilst providing institutional funding to meet the affordable housing needs within the South Yorkshire area. The sale of assets will not be prohibited, should the manager deem this to be in the interest of the partnership, however this is not the primary objective. Further details are set out in the procurement documents.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fc3a8c9f-4150-4b1e-8700-dfb697f5a009
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/25fd14ca-b2c9-4705-9c40-e51437864793
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

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

66131100 - Pension investment services

66140000 - Portfolio management services

66141000 - Pension fund management services

Notice Value(s)

Tender Value
£16,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
28 Mar 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2025 - 30 Sep 2039 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SOUTH YORKSHIRE PENSIONS 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
BARNSLEY, SOUTH YORKSHIRE
Postcode
S71 1HG
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE33 Barnsley
Delivery Location
Not specified
Local Authority
Barnsley
Electoral Ward
Central
Westminster Constituency
Barnsley North

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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