---
title: "Student Accommodation Property and Letting Manager"
ocid: "ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "KFIM UK INVESTMENTS LIMITED"
published: "2019-04-08"
---

# Student Accommodation Property and Letting Manager

Buyer: KFIM UK INVESTMENTS LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2

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## Summary

Knight Frank Investment Management LLP is initiating the procurement process for a Property and Letting Manager for two student accommodation schemes: St Leonard's House in Lancaster and Friargate Court in Preston. The tender is currently in the award stage, with the contract valued at approximately £3.9 million for St Leonard's House and £5.7 million for Friargate Court. The contract is set to commence on 11 January 2019 and will run until 27 August 2028, with options for two additional one-year extensions. The procurement follows a restricted procedure in accordance with the Public Contracts Regulations 2015, with a tender deadline that has already passed on 19 November 2018.

This opportunity is particularly suitable for businesses specialising in property management, particularly those experienced in handling student accommodation and letting services. Successful bidders will have the chance to establish long-term contracts with the potential for extensions, thereby fostering business growth and stability over the ten-year period. Companies with capabilities in managing both residential and commercial spaces may find this tender especially lucrative, considering the diverse range of potential clients and scenarios mentioned in the contract specifications.

## Notice

Knight Frank Investment Management LLP is seeking to procure a Property and Letting Manager for St Leonard's House, St Leonard's Gate, Lancaster, LA1 1NN. Knight Frank Investment Management LLP is seeking an option to procure a Property and Letting Manager for Friargate Court, 154 Market Street West, Preston, PR1 2AT St Leonard's House is a 179 bed purpose built student accommodation scheme which is currently under construction and which will be available for occupation at the start of the 2019/2020 academic year. If required by KFIM, the successful Property and Letting Manager will be required to take on a scheme at Friargate Court, 154 Market Street West, Preston, PR1 2AT. This is not a commitment to allocate the Preston property to the successful Bidder. Friargate Court is a 244 bed purpose built scheme which is currently available, with planning consent in place to let rooms to students in full time education, apprentices or key workers, or during vacations by delegates attending conferences, exhibitions, courses training, graduates, conferences and other events which are taking place at a recognised educational establishment. The building comprises ground floor street level retail and a ground floor cafe (not operational). The ground floor cafe is situated within the building. The estimated total contract value of the St Leonard's House, Lancaster opportunity in isolation is PS4,190,000. The estimated total contract value of the Friargate Court, 154 Market Street West, Preston opportunity in isolation is PS5,700,000. Knight Frank Investment Management LLP is managing this procurement process and will follow the Restricted procedure in accordance with the Public Contracts Regulations 2015. This process is being followed because the buildings are owned by Lancashire County Council, a local government body that is required to comply with the Public Contracts Regulations 2015. Potential suppliers should note that the successful tenderer will be required to contract with KFIM. The contract will be for a period to commence in November 2018 and expire in August 2028. The client will have the ability, at its own discretion, to extend the contract for two further periods of 12 months each. The client will also have the ability to terminate the contract on 3 months' notice, such notice to expire on or after August 2023. This contract will be subject to performance. KFIM is managing this procurement process. The successful bidder will be required to contract with KFIM directly.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8c146fe3-8f49-4c37-86c1-7381332562b1 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure (above threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Apr 2019 |
| Submission deadline | 19 Nov 2018 |
| Future notice date | Not specified |
| Award date | 21 Dec 2018 |
| Contract period | 11 Jan 2019 - 27 Aug 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,900,000 |
| Lots value | Not specified |
| Awards value | £3,800,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | KFIM UK INVESTMENTS LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2V 6BR |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Cheap |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLD North West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HOMES FOR STUDENTS |

## CPV Codes

### Divisions

- 70 - Real estate services
- 98 - Other community, social and personal services

### Codes

- 70000000 - Real estate services
- 98341100 - Accommodation management services

## Release History

- 8 Apr 2019 at 10:33 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8c146fe3-8f49-4c37-86c1-7381332562b1

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8c146fe3-8f49-4c37-86c1-7381332562b1
  8th April 2019 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/3720099a-62c4-4795-9064-2dc83bfe0474
  Property Summaries

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-26a1a5ba-3c5c-475e-8f83-0b6afa4b0ba2.json.