--- title: "WSCC - JS - Property Investment Manager (Pension fund) - Market Sounding Exercise" ocid: "ocds-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345.json" source: "Contracts Finder" current_stage: "Planning" buyer: "WEST SUSSEX COUNTY COUNCIL" published: "2023-10-02" --- # WSCC - JS - Property Investment Manager (Pension fund) - Market Sounding Exercise Buyer: WEST SUSSEX COUNTY COUNCIL Current stage: Planning OCID: ocds-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345.json) ## Summary The West Sussex County Council is planning a procurement process for a Property Investment Manager for the Pension fund through a Market Sounding Exercise. The procurement stage is currently in the Planning phase. The engagement end date is set for 18 October 2023. The deadline for responses to the market sounding exercise is 18 October 2023. The location of the procurement process is at County Hall, West Street, CHICHESTER, England. The industry category relates to Pension investment services and Pension fund management services. Suitable businesses for this opportunity would be those offering asset management, income collection, and lease negotiation services for bespoke property portfolios. The West Sussex County Council's tender for a Property Investment Manager presents an opportunity for businesses specialising in managing property portfolios for pension funds. The Council aims to finalise the specification and service requirements through the market sounding exercise, with the tender expected to be published later in 2023 and the award process to be completed by early to mid-2024. Businesses interested in this opportunity should have expertise in asset management, income collection, and lease negotiation for properties. The Council is specifically seeking businesses that can meet the specific income requirements of the West Sussex Pension Fund while offering a tailored property portfolio to achieve the Fund's objectives. ## Notice This is not a call for competition The requirement The West Sussex Pension Fund requires a bespoke and tailored property portfolio to meet its specific income requirements and is seeking an investment manager to be responsible for the asset management, income collection and lease negotiation for the properties and have full discretion over which properties to buy and sell to meet the objectives set by the Fund. The draft requirements are described further in the market sounding exercise document attached below. Timescales The Council intends to publish the tender for these services later this calendar year (2023) with the award and contracting process to be completed by early to mid 2024. Market sounding exercise The Council is publishing a market sounding exercise alongside this Notice to gain some insight into market capability and capacity (see below) Responses to these questions will help to finalise the specification and service requirements. You are kindly asked to review and respond no later than 12:00 on 18 October 2023. Completed documents can be uploaded on the SE Shared Services e-sourcing portal: https://in-tendhost.co.uk/sesharedservices/aspx/ProjectManage/36967 You will need to login to upload the document. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fc4026a3-5228-4b82-8fe5-6ab378d2d15c | | Notice type | Planned Procurement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 2 Oct 2023 | | Submission deadline | Not specified | | Future notice date | 18 Oct 2023 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | WEST SUSSEX COUNTY COUNCIL | | Locality | CHICHESTER | | Post town | Portsmouth | | Postcode | PO19 1RQ | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ2 Surrey, East and West Sussex | | ITL 3 | TLJ27 West Sussex (South West) | | Local authority | Chichester | | Electoral ward | Chichester Central | | Westminster constituency | Chichester | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66131100 - Pension investment services - 66141000 - Pension fund management services ## Release History - 2 Oct 2023 at 18:29 - Planning - Planned Procurement Notice - https://www.contractsfinder.service.gov.uk/Notice/fc4026a3-5228-4b82-8fe5-6ab378d2d15c ## Documents - https://www.contractsfinder.service.gov.uk/Notice/fc4026a3-5228-4b82-8fe5-6ab378d2d15c 2nd October 2023 - Early engagement notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/83146015-1cdb-4929-8c62-bb391c4f101e Market Sounding Exercise - Please upload the completed response via the Council's e-sourcing portal: https://in-tendhost.co.uk/sesharedservices/aspx/ProjectManage/36967 - https://in-tendhost.co.uk/sesharedservices/aspx/ProjectManage/36967 ## 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-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-6ec9b760-27dc-4603-9da4-a9581a39a345.json.