Award

A Property Management Agent for Lot 1, 2 New Bailey Square and Lot 2, 100 Embankment

SALFORD CITY COUNCIL

This public procurement record has 1 release in its history.

Award

15 Feb 2022 at 10:44

Summary of the contracting process

The public procurement process involves Salford City Council, which is seeking a Property Management Agent for two prime locations: 2 New Bailey Square and 100 Embankment, both situated in the UK. The procurement falls under the category of real estate services and is currently in the Award stage, having concluded its tendering phase. The awarded contracts, each valued at £159,670, were signed on 8 April 2021. This project aims to enhance the management and maintenance of significant office spaces within the city, forecasted for practical completion by May 2020.

This tender presents substantial opportunities for real estate and property management firms, particularly those with experience in managing large commercial properties. Businesses that can deliver high-quality management services while maintaining competitive pricing are likely to thrive in this environment, especially firms capable of ensuring a safe and attractive experience for tenants and visitors alike. The management contract offers the potential for a long-term relationship, with an initial three-year term and the option for a two-year extension.

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Notice Title

A Property Management Agent for Lot 1, 2 New Bailey Square and Lot 2, 100 Embankment

Notice Description

2 New Bailey Square is comprised of 188,000sq ft of grade A office across ten upper storeys together with ground floor retail/leisure space. Tenants of the building also benefit from access to a communal roof terrace and a basement car park. Two occupiers, Eversheds Sutherland LLP and Berrymans Lace Mawer LLP have between them committed to occupy six and a half of the ten floors and marketing continues to identify occupiers for the remaining space. 100 Embankment is the second and final phase of the Embankment development and is located alongside 101 Embankment which was completed in 2016. The property sits on a podium deck within which is a 455 space Q-Park and a Sainsburys convenience store. Adjacent to the development is the Greengate link forming the main route between Manchester city centre and the expanding Greengate residential area. Embankment is a nine storey 166,000sq ft grade A office building, phase 2 of the Embankment development. Practical completion is forecast for May 2020 (subject to change). The Council is forward funding the development and will own the completed building. The appointment will be for the management of 100 Embankment only, there will be no other properties or estate common parts forming part of the instruction.

Lot Information

A Property Managing Agent for 2 New Bailey Square

This is a 3 year contract with the option to extend for a further 2 years for both Bailey Square and 100 Embankment. The key objectives for the managing agent will be to: * Provide an exceptional management service to occupiers, visitors and potential occupiers of 2 New Bailey Square and 100 Embankment. * Maintain a safe, clean and attractive environment in a pleasant and well-maintained building * Provide at all times the services at a competitive price having regard to the service charge payable by the buildings' occupiers * Manage and provide service charge cost information in a timely and transparent manner adhering at all times to the RICS Professional Statement on service charges

A Property Managing Agent for 100 Embankment

This is a 3 year contract with the option to extend for a further 2 years for both Bailey Square and 100 Embankment. The key objectives for the managing agent will be to: * Provide an exceptional management service to occupiers, visitors and potential occupiers of 2 New Bailey Square and 100 Embankment. * Maintain a safe, clean and attractive environment in a pleasant and well-maintained building * Provide at all times the services at a competitive price having regard to the service charge payable by the buildings' occupiers * Manage and provide service charge cost information in a timely and transparent manner adhering at all times to the RICS Professional Statement on service charges

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03173b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004255-2022
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

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


CPV Codes

70000000 - Real estate services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£159,670 £100K-£500K

Notice Dates

Publication Date
15 Feb 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
7 Apr 20214 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

Contracting Authority (Buyer)

Main Buyer
SALFORD CITY COUNCIL
Contact Name
Miss Heather Stanton
Contact Email
heather.stanton@salford.gov.uk
Contact Phone
+44 1616866241

Buyer Location

Locality
SWINTON
Postcode
M27 5AW
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
TLD3 Greater Manchester

Local Authority
Salford
Electoral Ward
Swinton & Wardley
Westminster Constituency
Worsley and Eccles

Supplier Information

Number of Suppliers
1
Supplier Name

KNIGHT FRANK

Open Contracting Data Standard (OCDS)

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