---
title: "London Commercial Property Management"
ocid: "ocds-b5fd17-be2206ea-b091-462b-991b-2c09c18b65cb"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-be2206ea-b091-462b-991b-2c09c18b65cb"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-be2206ea-b091-462b-991b-2c09c18b65cb.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-be2206ea-b091-462b-991b-2c09c18b65cb.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "PEABODY TRUST"
published: "2019-09-13"
---

# London Commercial Property Management

Buyer: PEABODY TRUST  
Current stage: Award  
OCID: ocds-b5fd17-be2206ea-b091-462b-991b-2c09c18b65cb

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## Summary

The Peabody Trust is currently engaged in the award stage of the procurement process for property management services related to its London commercial property investment portfolio, titled "London Commercial Property Management". The contract, valued at £3 million, commenced on 9th September 2019 and is set to last until 10th September 2029. This procurement process uses a selective method, specifically a negotiated procedure, to assess the bidders. The properties involved are located throughout London and may extend to surrounding counties, as Peabody operates within a 30-mile radius of the capital.

This tender presents substantial opportunities for businesses looking to expand their footprint in the property management sector. Companies specialising in real estate management services, particularly those with experience handling large portfolios in urban settings, would be well-suited to compete. Given that Peabody anticipates its rent roll to significantly increase in the coming years, suppliers that can demonstrate expertise in managing commercial properties and delivering sustainable service levels may find this contract particularly advantageous for business growth.

## Notice

Peabody Trust ("Peabody") is tendering the property management services for its London commercial property investment portfolio. Peabody has, to date, not acted as a commercial property focused developer but has retained its commercial property assets delivered through planning and the portfolio is associated with both historic and current residential development. Whilst the current portfolio is situated throughout London, Peabody now operates with a 30 miles radius of London so there may be commercial units in future schemes in surrounding counties. The current portfolio yields an income of circa PS4 million pa and a value of circa PS85 million. Based on our current mixed-use development pipeline, we envisage that this rent roll is likely to more than double over the next five years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ef56a777-6a8f-433a-833e-666099522b30 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Negotiated procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Sep 2019 |
| Submission deadline | 23 Aug 2019 |
| Future notice date | Not specified |
| Award date | 22 Aug 2019 |
| Contract period | 8 Sep 2019 - 10 Sep 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,000,000 |
| Lots value | Not specified |
| Awards value | £3,000,000 |
| 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 | PEABODY TRUST |
| Locality | LONDON |
| Post town | South East London |
| Postcode | SE1 7JB |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI44 Lewisham and Southwark |
| Local authority | Southwark |
| Electoral ward | St George's |
| Westminster constituency | Bermondsey and Old Southwark |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BNP PARIBAS REAL ESTATE ADVISORY & PROPERTY MANAGEMENT UK LI |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

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

## Release History

- 13 Sep 2019 at 06:10 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ef56a777-6a8f-433a-833e-666099522b30

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ef56a777-6a8f-433a-833e-666099522b30
  13th September 2019 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=429054045
  Please follow this link to view the notice.

## 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-be2206ea-b091-462b-991b-2c09c18b65cb. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-be2206ea-b091-462b-991b-2c09c18b65cb.json.