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8532: Northern LGPS Property Framework

Tameside Metropolitan Borough Council acting as administrating authority for the Greater Manchester Pension Fund

This public procurement record has 1 release in its history.

Award

21 Jan 2021 at 16:00

Award Notice
Summary of the contracting process

The procurement process for the "Northern LGPS Property Framework" is being led by Tameside Metropolitan Borough Council, acting as the administrating authority for the Greater Manchester Pension Fund. The tender involves the provision of services in the pension investment sector, specifically focusing on property management and advisory services. Located in the UK, this procurement process is currently in the award stage, having been initiated through an open procedure method. The tender went live on January 4, 2021, and is related to multiple lots, including management of direct property portfolios and advisory services across the North West of England and West Yorkshire.

This tender presents significant opportunities for businesses in the property management, valuation, and advisory sectors, particularly those with expertise in managing large property portfolios or in providing consultancy services. Companies with capabilities in investment management or property valuation, particularly those familiar with the UK market and local authorities, would be well-suited to compete. The diverse range of lots within this framework also allows smaller firms to participate alongside larger investment management companies, thereby enhancing competition and innovation in service delivery.

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Notice Information

Notice Title

8532: Northern LGPS Property Framework

Notice Description

Lot 1 is for the management of a discretionary UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis. Lot 2 is for the management of an advisory UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis. Lot 3 is to provide property management services on a UK property portfolio (that is predominantly invested in core property on an unleveraged basis). Lot 4 is to appoint an advisor of management and consultancy services in relation to a regional investment portfolio focused on the North West of England and West Yorkshire. The successful advisor will be expected to make recommendations to the member Funds within the Pool. Lot 5 is to provide property valuation services, potentially on a range of UK property portfolios, ranging in size from cPS300m to over PS1bn. Lot 6 is for the management of a portfolio of UK properties deemed to require intensive asset management, for example, longstanding vacancy, refurbishment/capital expenditure risk, short WAULTs with renewal risk.

Lot Information

1: UK Property Discretionary Mandate

Lot 1 is for the management of a discretionary UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis

2: UK Property Advisory Mandate

Lot 2 is for the management of an advisory UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis.

3: UK Property Management Mandate

Lot 3 is to provide property management services on a UK property portfolio (that is predominantly invested in core property on an unleveraged basis).

4: Regional Property Advisory Mandate

Lot 4 is to appoint an advisor of management and consultancy services in relation to a regional investment portfolio focused on the North West of England and West Yorkshire. The successful advisor will be expected to make recommendations to the member Funds within the Pool.

5: UK Property Valuer Mandate

Lot 5 is to provide property valuation services, potentially on a range of UK property portfolios, ranging in size from cPS300m to over PS1bn.

6: UK property Asset Management Mandate

Lot 6 is for the management of a portfolio of UK properties deemed to require intensive asset management, for example, longstanding vacancy, refurbishment/capital expenditure risk, short WAULTs with renewal risk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-028c40
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001258-2021
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

70 - Real estate services

71 - Architectural, construction, engineering and inspection services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66131000 - Security brokerage services

66131100 - Pension investment services

66140000 - Portfolio management services

66523000 - Pension fund consultancy services

70332000 - Non-residential property services

71315200 - Building consultancy services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Jan 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
4 Jan 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Tameside Metropolitan Borough Council acting as administrating authority for the Greater Manchester Pension Fund
Additional Buyers

City of Bradford District Council acting as administrating authority for the West Yorkshire Pension Fund

Wirral Council acting as administrating authority for the Merseyside Pension Fund

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRADFORD
Postcode
M43 6SF
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD35 Greater Manchester South East
Delivery Location
Not specified
Local Authority
Tameside
Electoral Ward
Droylsden East
Westminster Constituency
Ashton-under-Lyne

Supplier Information

Number of Suppliers
25
Supplier Names

AEW UK Investment Management LLP

APAM Ltd

Aberdeen Asset Managers Limited operating under the brand name of Aberdeen Standard Investments

Avison Young (UK) Limited

Aviva Investors Global Services Limited (‘AIGSL’)

BNP Paribas Real Estate Advisory & Property Management UK Limited

CBRE Global Investors Limited

CBRE Indirect Investment Services Limited

CBRE Limited

Colliers International Property Consultants Limited

Cushman & Wakefield Debenham Tie Leung Limited

DTZ Investors UK Limited

Fiera Real Estate UK

Hermes Investment Management Limited (HIML)

Knight Frank LLP

La Salle Investment Management

Legal & General Investment Management (LGIM)

M&G Real Estate Limited

Mayfair Capital Investment Management Limited

PGIM Real Estate (UK) Limited

Praxis (Holdings) Limited

Savills (UK) Ltd

Schroder Real Estate Investment Management Limited

Threadneedle Asset Management Limited

UBS Asset Management (UK) Ltd

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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