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Investment Property Asset Valuations 2-year Contract

Mansfield District Council

This public procurement record has 1 release in its history.

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12 Aug 2026 at 14:11

UK7 - Contract Details Notice
Summary of the contracting process

Mansfield District Council appointed a single supplier to provide annual investment property asset valuations and impairment reviews for financial reporting. Nottinghamshire County Council managed the procurement on the district council’s behalf. The work covers a portfolio of 10 investment properties, comprising nine properties across the UK and one shopping centre in Mansfield. The portfolio includes a hotel, gym, office, supermarket, Volkswagen commercial vehicle sales and service centre, two DIY retail properties, an industrial property, the shopping centre, and a mixed office and residential long leasehold interest. The appointed valuer is required to assess property values and identify any material impairment between the valuation date and the financial year-end. Nationwide geographical coverage is required. This is a property valuation and real estate advisory services requirement.

The procurement is complete and the contract was awarded to Colliers International Property Advisers UK LLP. It used a below-threshold limited competition, with one completed lot and a single-supplier requirement. The contract was signed on 18 September 2025 and runs from 1 November 2025 to 31 August 2027, with no extensions available. Its value is £21,000 excluding VAT and £25,200 including VAT. The contract covers annual valuations of the investment property portfolio and an annual impairment review for financial reporting. The Council’s valuation date is 31 December and its financial year-end is 31 March. The recorded service category is real estate agency services on a fee or contract basis. Colliers’ award is active and the contract is active.

This opportunity indicates demand from Mansfield District Council for specialist investment property valuation and impairment advice across a geographically dispersed commercial portfolio. Credible competitors would need a suitably experienced and qualified valuation practice able to provide nationwide coverage, assess varied property types and produce reliable annual asset valuations for IFRS financial reporting. Relevant capability includes valuation of hotels, gyms, offices, supermarkets, vehicle sales and service premises, DIY retail, industrial property, shopping centres, and mixed office and residential long leasehold interests. The supplier must also be able to carry out impairment reviews that identify material changes in asset values between the valuation date and financial year-end. A business able to deliver the full requirement through one coordinated service would be well placed for comparable work from this council.

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Notice Information

Notice Title

Investment Property Asset Valuations 2-year Contract

Notice Description

Nottinghamshire County Council (the Council) is seeking quotes, on behalf of Mansfield District Council (MDC), for the services as detailed below, nationwide geographical coverage is required. Mansfield District Council owns and manages a portfolio of 10 investment properties. The portfolio includes 9 UK wide properties and 1 shopping centre in Mansfield. The property mix includes a hotel, gym, office, supermarket, VW commercial vehicle sales/service centre, 2 x DIY retail, industrial, shopping centre and mixed office and residential long leasehold interest. Under the requirements of the International Financial Reporting Standards (IFRS) the Council is obliged to accurately account for its property assets on an annual basis. To comply with these requirements the Council intends to appoint an appropriately experienced and qualified firm of valuers (hereinafter "the Valuer) on a two-year contract to undertake annual asset valuations of the Council's investment portfolio for financial reporting purposes. The Council is also obliged to carry out an annual Impairment to assess any material impact in the asset values from the valuation date (31st December) to the year-end date (31st March). To satisfy this requirement the Council intends to incorporate this annual impairment review into the 2-year contract. MDC require a Single Supplier to carry out this work. Contract length is 2 years with no extensions available. Estimated contract start date is 1st November 2025.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e2b0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/076815-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

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

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£21,000 Under £100K

Notice Dates

Publication Date
12 Aug 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Sep 202511 months ago
Contract Period
1 Nov 2025 - 31 Aug 2027 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Mansfield District 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
MANSFIELD
Postcode
NG19 7BH
Postcode Area
Nottingham
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF15 North Nottinghamshire
Delivery Location
Not specified
Local Authority
Mansfield
Electoral Ward
West Bank
Westminster Constituency
Mansfield

Supplier Information

Number of Suppliers
1
Supplier Name

COLLIERS INTERNATIONAL PROPERTY ADVISERS UK LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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