--- title: "Awarded Contract: UK Property Management Services for the RBKC Pension Fund" ocid: "ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c.json" source: "Contracts Finder" current_stage: "Award" buyer: "CAPITALESOURCING" published: "2019-05-24" --- # Awarded Contract: UK Property Management Services for the RBKC Pension Fund Buyer: CAPITALESOURCING Current stage: Award OCID: ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c.json) ## Summary The Royal Borough of Kensington and Chelsea Pension Fund has awarded a contract for UK Property Management Services, aimed at increasing its property investment allocation from approximately 5% to 20% within a bespoke segregated property portfolio. The procurement process, classified under real estate agency services, was executed through an open method, allowing broad participation. The contract period starts on 13 May 2019 and extends until 12 May 2034, with an overall contract value of £6,160,000 awarded to CBRE Limited. The tender was published on 21 January 2019, and the tender period closed on 25 February 2019. This awarded contract presents significant opportunities for businesses specialising in property management and consultancy services, particularly those with expertise in property acquisitions, portfolio management, and strategic advising. Small and medium enterprises (SMEs) may find this tender especially appealing, as it is designed to promote SME participation. Businesses capable of executing property transactions and offering ongoing management services will be well-suited to leverage this opportunity for growth in the public sector market. ## Notice The RBKC pension fund ("the pension fund") has a warded a contract to increase its allocation of UK property investments from the current level of around 5% to around 20%, through a bespoke segregated property portfolio. The service provided will help the pension fund build and maintain a direct property portfolio and provide ongoing management services for the portfolio, including to: - Advising on property acquisitions and disposals - Executing acquisitions and disposals, including contract negotiations and executions - Managing interaction with tenants and property management, including rent roll - Advising the Investment Committee on strategy; and - Considering and implementing structures to hold assets Additional information: This procurement was executed through the Council's electronic procurement portal, capitalEsourcing. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3f25bc0b-f26d-4383-8d32-1740fbefd867 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 24 May 2019 | | Submission deadline | 25 Feb 2019 | | Future notice date | Not specified | | Award date | 24 Apr 2019 | | Contract period | 12 May 2019 - 12 May 2034 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £17,100,000 | | Lots value | Not specified | | Awards value | £6,160,000 | | 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 | CAPITALESOURCING | | Locality | LONDON | | Post town | West London | | Postcode | W8 7NX | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI33 Kensington & Chelsea and Hammersmith & Fulham | | Local authority | Kensington and Chelsea | | Electoral ward | Campden | | Westminster constituency | Kensington and Bayswater | | Delivery location | TLI London | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | CBRE | ## CPV Codes ### Divisions - 70 - Real estate services ### Codes - 70300000 - Real estate agency services on a fee or contract basis ## Release History - 24 May 2019 at 09:51 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/3f25bc0b-f26d-4383-8d32-1740fbefd867 - 24 May 2019 at 09:48 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/3f25bc0b-f26d-4383-8d32-1740fbefd867 - 21 Jan 2019 at 06:47 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e4a478ec-c924-455e-a339-cf8efe9de478 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/3f25bc0b-f26d-4383-8d32-1740fbefd867 24th May 2019 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/e4a478ec-c924-455e-a339-cf8efe9de478 21st January 2019 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/aabd290b-e932-4d2b-91dc-226c171587dd n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/2c22f0a3-9169-4e5a-b1be-590964adcc4a n/a - http://wwww.capitalesourcing.com Electronic Procurement Portal - http://www.capitalesourcing.com Electronic procurement portal ## Notice URLs - http://www.rbkc.gov.uk ## 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-e049030b-0324-4a42-9db9-4dd27c8fd53c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c.json.