---
title: "Cumbernauld Town Centre - Asset Management 2024 - 2025"
ocid: "ocds-h6vhtk-048937"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-048937"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-048937.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-048937.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NORTH LANARKSHIRE COUNCIL"
published: "2024-08-09"
---

# Cumbernauld Town Centre - Asset Management 2024 - 2025

Buyer: NORTH LANARKSHIRE COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-048937

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## Summary

North Lanarkshire Council has successfully completed the procurement for "Cumbernauld Town Centre - Asset Management 2024 - 2025". The initiative aims to regenerate the Cumbernauld town centre into a traditional high street by acquiring and managing the central shopping complexes. This tender, classified under commercial property management services, was awarded through a limited procurement method without prior publication due to technical reasons. The contract, signed on 18 July 2024, was valued at £125,000 and included the roles of Asset Manager and Property Manager to ensure efficient operation and revenue maximisation until June 2024. The primary location for this tender is Cumbernauld, situated in the UK region UKM84, which covers North Lanarkshire.

This tender presents substantial opportunities for businesses specialising in property management and commercial facilities. Companies capable of managing lease agreements, rent reviews, and daily operational management including maintenance, security, and rent collection would find themselves well-suited for this contract. The initial short-term contracts are being extended for a further 12 months (with an additional 3-month extension available), providing a stable and profitable opportunity for expertise in commercial property management. Successful bidders included Belgate Estates Limited and HKI Partnership LLP, demonstrating the suitability for small and medium-sized enterprises to compete and thrive in this public procurement space.

## Notice

North Lanarkshire Council is looking to transform Cumbernauld by regenerating its town centre from a sterile transport corridor to a place where people can move freely, thereby integrating and connecting the developments on either side of Central Way to form a traditional high street for the first time in the town's development. To kick start this transformational change, the Council has acquired the two adjoined shopping centres occupying an extensive site in the middle of Cumbernauld town centre - 'The Centre Cumbernauld and Cumbernauld Shopping Centre' (known as 'The Centre Cumbernauld' (TCC)). Following the acquisition of TCC in June 2023, there was a requirement to have the facility managed and operated as efficiently as possible to maximise revenue and reduce overhead costs until existing leaseholds expire or can be ended, and vacant possession achieved prior to planned complete or phased demolition of the building. Upon acquisition of TCC, the Council novated two historic management contracts from the previous owner on a short-term basis up to 12 months to enable a smooth operating transition and to minimise disruption to existing tenants. These contracts are regarded as the "Asset Manager" and "Property Manager". These 12-month contracts have been reprocured for a period of 12 months, with an extension period of 3 months, to allow for the procurement of longer term management solution.

### Lot Information

Lot 1

The Asset Manager contract is intended to add value to TCC by increasing income through lease management, new lettings, rent reviews whilst limiting the Council's financial liabilities incurred as landlord in accordance with an agreed strategy employed to maximise the net rental income and minimising expenditure whilst the Property Manager contract is concerned with the daily operation of TCC including hard and soft facilities management such as staffing, maintenance, security, collection of rents, service charge etc.

### Procurement Information

The services required are currently provided within Cumbernauld Town Centre by a private organisations to the Council. Following acquisition of Cumbernauld Town Centre, the Council felt at the time that it would be in a position to procure a longer term arrangement by the time the existing arrangement concludes on 30 June 2024. However, given the uniqueness of the services required, the amount of time and learning required to fully understand the service provision (amongst other operation issues) was underestimated and as a result the Council has not been able to procure a longer term arrangement.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/025147-2024 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Aug 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 17 Jul 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £125,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NORTH LANARKSHIRE COUNCIL |
| Locality | MOTHERWELL |
| Post town | Motherwell |
| Postcode | ML1 1AB |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM34 North Lanarkshire |
| Local authority | North Lanarkshire |
| Electoral ward | Motherwell South East and Ravenscraig |
| Westminster constituency | Motherwell, Wishaw and Carluke |
| Delivery location | TLM84 North Lanarkshire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | BELGATE ESTATES; HKI PARTNERSHIP |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70332200 - Commercial property management services

## Release History

- 9 Aug 2024 at 07:44 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/025147-2024

## Notice URLs

- http://www.northlanarkshire.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000774784
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00010

## 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-h6vhtk-048937. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-048937.json.