P24-0061: Scottish Enterprise Investment Property Portfolio - Asset Management Contract

Award

Value

£1,950,390

Classifications

  • Commercial property management services
  • Property management services of real estate on a fee or contract basis
  • Non-residential property services
  • Real estate services with own property
  • Letting services of own property
  • Renting or leasing services of own property
  • Non-residential property renting or leasing services
  • Building surveying services
  • Industrial property services
  • Real estate services

Tags

  • award
  • contract

Published

5 months ago

Description

Scottish Enterprise intends to undertake a competitive tendering process to appoint a supplier to provide the full range of property management services across its investment property portfolio. This portfolio, which is subject to regular change, was recently valued (September 2023) at GBP153M and comprises industrial buildings, offices, multi-occupancy business centres, science & technology parks, development land and other property interests.
Full details of the contract opportunity can be found within the Invitation to Tender (ITT).
Scottish Enterprise envisage that the contract will commence on 1 July 2024.  The contract duration is 4 years, with the option to extend for 2 x 1-year periods, totalling 6 years overall.
The estimated value of the contract over the full duration is anticipated as being between GBP1,800,000 and GBP2,400,000 (excl VAT).

Documents

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  • Contract Agreement

    The official contract terms, conditions, and scopes of work.

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  • Award Notice

    Details on the tender award and selected suppliers.

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South Cambridgeshire District Council - Commercial Asset Management

SCDC wishes to appoint a suitably qualified and experienced contractor to provide a service which encompasses the following: • To advise on the management of the Council's commercial property assets that meet the Councils adopted strategies (supporting economic growth and regeneration). • To provide commercial property investment advice by sourcing potential investment opportunities set by SCDC that meet the criteria set in the Council's Investment Strategy. SCDC owns assets on Cambridge Science Park, Colmworth Trading Park (St Neots), Cambourne Business Park and Northstowe Employment Zone and local centre. Assets range from high value multi-million-pound buildings, a wholly owned subsidiary (Cambourne Business Park Ltd), to a temporary community building in Northstowe. SCDC shall require the Contractor to manage the assets within their portfolio to always ensure that the portfolio is delivering the best performance obtainable, in both revenue and capital growth terms, ensuring best practice ESG performance whilst observing the security and liquidity guidance from Government. SCDC expect that the Contractor will be able to advise on the local, regional, and national sector investment markets and when it would be appropriate to acquire, hold, invest in, or dispose of an asset. SCDC shall require the Contractor to work closely with their Finance, Commercial and Legal teams and any other internal or external appointed property management company to ensure that the asset is well managed and maintained and that the administration and renewal of the leases is optimised. All assets should be compliant with health and safety regulations - it is the job of the asset management contractor to ensure this. It is expected that the asset management contractor will benefit from an in-house building surveyor to ensure the full requirements of this contract can be completed. Should you be interested in this opportunity, the full tender documents can be found on our e-tendering portal via the following link: https://procontract.due-north.com/Advert?advertId=8775efa1-1ea8-ef11-8132-005056b64545 Should you then be interested in bidding for this opportunity, bids must be submitted via the advert on our e-tendering portal via the above link.

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Organisation

Adam Cunningham

[email protected]

+44 1414686024

+44 2073446771

+44 1414298888

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