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Cumbernauld Town Centre - Asset Management 2024 - 2025

North Lanarkshire Council

This public procurement record has 1 release in its history.

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09 Aug 2024 at 08:44

Award Notice
Summary of the contracting process

North Lanarkshire Council has successfully completed the procurement for "Cumbernauld Town Centre - Asset Management 2024 - 2025". The initiative aims to regenerate the Cumbernauld town centre into a traditional high street by acquiring and managing the central shopping complexes. This tender, classified under commercial property management services, was awarded through a limited procurement method without prior publication due to technical reasons. The contract, signed on 18 July 2024, was valued at £125,000 and included the roles of Asset Manager and Property Manager to ensure efficient operation and revenue maximisation until June 2024. The primary location for this tender is Cumbernauld, situated in the UK region UKM84, which covers North Lanarkshire.

This tender presents substantial opportunities for businesses specialising in property management and commercial facilities. Companies capable of managing lease agreements, rent reviews, and daily operational management including maintenance, security, and rent collection would find themselves well-suited for this contract. The initial short-term contracts are being extended for a further 12 months (with an additional 3-month extension available), providing a stable and profitable opportunity for expertise in commercial property management. Successful bidders included Belgate Estates Limited and HKI Partnership LLP, demonstrating the suitability for small and medium-sized enterprises to compete and thrive in this public procurement space.

How relevant is this notice?

Notice Information

Notice Title

Cumbernauld Town Centre - Asset Management 2024 - 2025

Notice Description

North Lanarkshire Council is looking to transform Cumbernauld by regenerating its town centre from a sterile transport corridor to a place where people can move freely, thereby integrating and connecting the developments on either side of Central Way to form a traditional high street for the first time in the town's development. To kick start this transformational change, the Council has acquired the two adjoined shopping centres occupying an extensive site in the middle of Cumbernauld town centre - 'The Centre Cumbernauld and Cumbernauld Shopping Centre' (known as 'The Centre Cumbernauld' (TCC)). Following the acquisition of TCC in June 2023, there was a requirement to have the facility managed and operated as efficiently as possible to maximise revenue and reduce overhead costs until existing leaseholds expire or can be ended, and vacant possession achieved prior to planned complete or phased demolition of the building. Upon acquisition of TCC, the Council novated two historic management contracts from the previous owner on a short-term basis up to 12 months to enable a smooth operating transition and to minimise disruption to existing tenants. These contracts are regarded as the "Asset Manager" and "Property Manager". These 12-month contracts have been reprocured for a period of 12 months, with an extension period of 3 months, to allow for the procurement of longer term management solution.

Lot Information

Lot 1

The Asset Manager contract is intended to add value to TCC by increasing income through lease management, new lettings, rent reviews whilst limiting the Council's financial liabilities incurred as landlord in accordance with an agreed strategy employed to maximise the net rental income and minimising expenditure whilst the Property Manager contract is concerned with the daily operation of TCC including hard and soft facilities management such as staffing, maintenance, security, collection of rents, service charge etc.

Procurement Information

The services required are currently provided within Cumbernauld Town Centre by a private organisations to the Council. Following acquisition of Cumbernauld Town Centre, the Council felt at the time that it would be in a position to procure a longer term arrangement by the time the existing arrangement concludes on 30 June 2024. However, given the uniqueness of the services required, the amount of time and learning required to fully understand the service provision (amongst other operation issues) was underestimated and as a result the Council has not been able to procure a longer term arrangement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-048937
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025147-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70332200 - Commercial property management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£125,000 £100K-£500K

Notice Dates

Publication Date
9 Aug 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Jul 20242 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
North Lanarkshire Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MOTHERWELL
Postcode
ML1 1AB
Postcode Area
Motherwell
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM34 North Lanarkshire
Delivery Location
TLM84 North Lanarkshire
Local Authority
North Lanarkshire
Electoral Ward
Motherwell South East and Ravenscraig
Westminster Constituency
Motherwell, Wishaw and Carluke

Supplier Information

Number of Suppliers
2
Supplier Names

Belgate Estates Limited

HKI Partnership LLP

Further Information

Open Contracting Data Standard (OCDS)

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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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