---
title: "Property Portfolio-Asset Management"
ocid: "ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NEWCASTLE CITY COUNCIL"
published: "2022-11-23"
---

# Property Portfolio-Asset Management

Buyer: NEWCASTLE CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479.json)

## Summary

The Newcastle City Council has awarded a contract for Property Portfolio-Asset Management to Knight Frank & Rutley Limited. The contract value is £1,500,000 with a contract period starting from February 1, 2023, and ending on November 30, 2025. The procurement method used was an open procedure above threshold, and the tender period ended on September 20, 2022. The contract is for property management services within the North East region of the United Kingdom.

This contract presents a business growth opportunity for firms specializing in property management services. Companies with experience in real estate asset management, especially in the North East region of the UK, would be well-suited to compete. The contract duration of 3 years with possible extensions offers stability and potential growth opportunities for the winning supplier. The open procurement method allows fair competition for interested businesses aiming to expand their service portfolio in the property management sector.

## Notice

Contract awarded for 3 years with 2 options to extend for 12 months to Knight Frank.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b87c51c9-806a-4b5d-b646-a1a35f40c079 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Nov 2022 |
| Submission deadline | 20 Sep 2022 |
| Future notice date | Not specified |
| Award date | 22 Nov 2022 |
| Contract period | 1 Feb 2023 - 30 Nov 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,500,000 |
| Lots value | Not specified |
| Awards value | £1,500,000 |
| 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 | NEWCASTLE CITY COUNCIL |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE1 8QH |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Monument |
| Westminster constituency | Newcastle upon Tyne Central and West |
| Delivery location | TLC North East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KNIGHT FRANK & RUTLEY |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

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

## Release History

- 23 Nov 2022 at 10:14 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b87c51c9-806a-4b5d-b646-a1a35f40c079

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b87c51c9-806a-4b5d-b646-a1a35f40c079
  23rd November 2022 - Awarded contract notice on Contracts Finder

## 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-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479.json.