Tender

National Property Agent Services

ASSOCIATED BRITISH PORTS

This public procurement record has 1 release in its history.

Tender

17 May 2024 at 13:30

Summary of the contracting process

The Associated British Ports (ABP) is seeking to procure National Property Agent Services for its substantial multi-sector property portfolio across England, Scotland, and Wales. The contract aims to create new and recurring income through various transactions like lettings, build-to-suit, and ground leases. ABP is looking for expressions of interest from parties capable of providing core property agency leasing and letting services on a national level as well as ancillary services such as acquisition, valuation, property management, and strategic advice. The tender, titled "National Property Agent Services," is currently in the active stage with a deadline for submissions set on June 18, 2024.

This tender presents a significant opportunity for businesses specializing in real estate services, property management, building surveying, and development. Companies with experience in national property agency leasing, acquisition and investment, sustainability, and strategic advice are well-suited to compete for this contract. The procurement method is selective, following a negotiated procedure with a prior call for competition. The contract period is from 19th September 2024 to 19th September 2027, with potential extensions up to 2030, providing a long-term opportunity for business growth and collaboration with ABP in developing and managing their diverse property portfolio.

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Notice Title

National Property Agent Services

Notice Description

Associated British Ports (ABP) intend to procure a National Principal Property Agent to provide strategic letting agency and other services, across its substantial multi-sector property portfolio including industrial and logistics units, open storage, and development land. ABP is looking for expressions of interest from parties capable of providing core property agency leasing and letting services on a national level and ancillary services such as acquisition and investment, valuation, property management, building surveying, development, sustainability, strategic advice, landlord and tenant.

Lot Information

Lot 1

Associated British Ports (ABP) intends to establish a contract for National Principal Property Agent Services spanning the complete multi-sector UK portfolio which has a property asset value of c. PS 2.6BN with an approximate rent roll of c. PS109M. The current portfolio extends to approximately 3,743ha and consists of over 750 tenants across 21 port locations across England, Scotland, and Wales. Each geographic region has different characteristics, but they all have a range of common requirements associated with a mix of asset types, and different tenancy arrangements relating to industrial and logistics units, open storage, and development land. The primary objective of the proposed new contract is to create new and recurring income via a range of leasehold and development transactions, such as lettings, build to suit and ground leases. Each region presents significant and unique opportunities to increase property revenue offering substantial development opportunities in strategic locations, providing unrivalled port facilities as well as comprehensive multimodal transport links with a number of sites well located in proximity to existing urban centres and close to major transport hubs. ABP continues to diversify its approach to property, increases focus on off port development and continues to make significant infrastructure investments to support the green energy sector solidifying strategic alliances for the future. To support this ABP seeks to partner with a national property agent, the key service included in this contract is core property leasing and letting consultancy. Supporting services include, Acquisition & Investment, Valuation, Property Management, Building Surveying, Development, Sustainability, Strategic advice, Landlord and tenant.

Options: The contract duration will be from 19th September 2024 to 19th September 2027. The Contracting Authority reserves the right to extend this for a period of up to 36 months in any increment at its sole discretion until 19th September 2030.

Renewal: The Contract is subject to renewal at the discretion of the Contracting Authority at expiry of the contract term plus any extension.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-045a72
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015722-2024
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 with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

70110000 - Development services of real estate

70112000 - Development of non-residential real estate

70120000 - Buying and selling of real estate

70121000 - Building sale or purchase services

70122000 - Land sale or purchase services

70130000 - Letting services of own property

70220000 - Non-residential property renting or leasing services

70300000 - Real estate agency services on a fee or contract basis

70310000 - Building rental or sale services

70320000 - Land rental or sale services

70321000 - Land rental services

70322000 - Vacant-land rental or sale services

70330000 - Property management services of real estate on a fee or contract basis

70332000 - Non-residential property services

70332200 - Commercial property management services

70332300 - Industrial property services

Notice Value(s)

Tender Value
Not specified
Lots Value
£2,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 May 20241 years ago
Submission Deadline
18 Jun 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ASSOCIATED BRITISH PORTS
Contact Name
Not specified
Contact Email
procurement@abports.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
WC2E 9ES
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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