--- title: "Property Investment Manager for West Sussex Pension Fund" ocid: "ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b.json" source: "Contracts Finder" current_stage: "Tender" buyer: "WEST SUSSEX COUNTY COUNCIL" published: "2024-01-05" --- # Property Investment Manager for West Sussex Pension Fund Buyer: WEST SUSSEX COUNTY COUNCIL Current stage: Tender OCID: ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b.json) ## Summary The West Sussex County Council is seeking a Property Investment Manager for the West Sussex Pension Fund through a competitive procedure with negotiation. The contract, valued at £15m over 7 years, aims to deliver UK direct property services and may be extended for an additional 3 years. The tender deadline is January 26, 2024, with a Contract Effective Date of October 1, 2024, and a Service Commencement date of January 1, 2025. The procurement is open to SMEs and is tailored for firms in pension investment and property management services. This public procurement opportunity with West Sussex County Council presents a chance for businesses specializing in pension investment services and property management to secure a lucrative contract. The competitive procedure with negotiation allows for strategic partnerships for delivering UK direct property mandate. The initial 5-year contract, potentially extendable, offers stability and growth opportunities for firms looking to expand their foothold in the pension investment industry. Consider participating if your business fits well in delivering such specialised services in the South East region of the United Kingdom. ## Notice This Invitation to Negotiate (ITN) is issued by West Sussex County Council on behalf of West Sussex Pension Fund (WSPF) who are seeking to appoint a single Property Investment Manager who is able to deliver their UK direct property mandate, as described in Document 02 - Specification, in accordance with the Public Contracts Regulations 2015 (PCR 2015). This Procurement is being undertaken in accordance with the Competitive Procedure with Negotiation pursuant to Regulation 29 of the Public Contracts Regulations 2015. Although the Council is utilising the Competitive Procedure with Negotiation route, it reserves the right to award the contract on the basis of the initial tenders without conducting negotiations. It is anticipated that the Contract will be awarded for an initial period of 5 years from the Contract Effective Date, with an option to extend on the same terms and conditions at WSCC's discretion by up to an additional 5 years in any combination. The Contract Effective Date shall be 01 January 2025. The estimated value of the contract over the full term (initial period and extensions) is PS15m. The link below is for Atamis and the specific WSCC Atamis landing page. A user guide and FAQ section is on the website to ensure you encounter no issues. https://atamis-7669.my.site.com/s/Welcome ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c20af771-43e5-4fb6-b570-099180473261 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation (above threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 5 Jan 2024 | | Submission deadline | 26 Jan 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 30 Sep 2024 - 30 Sep 2031 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £15,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | 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 1RG | | 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 | TLJ South East (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 70 - Real estate services ### Codes - 66131100 - Pension investment services - 66141000 - Pension fund management services - 70330000 - Property management services of real estate on a fee or contract basis - 70332200 - Commercial property management services ## Release History - 5 Jan 2024 at 16:31 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/c20af771-43e5-4fb6-b570-099180473261 - 19 Dec 2023 at 15:44 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/54bdf781-6dd1-40f1-902b-63d5b439bf3e ## Documents - https://www.contractsfinder.service.gov.uk/Notice/c20af771-43e5-4fb6-b570-099180473261 5th January 2024 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/54bdf781-6dd1-40f1-902b-63d5b439bf3e 19th December 2023 - Opportunity notice on Contracts Finder ## Notice URLs - https://atamis-7669.my.site.com/s/Welcome ## 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-a473836e-8971-4f6a-9b36-10e802b7fb1b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b.json.