Essex Renewal Fund Services - Fund and Asset Management

Award

Buyers

Essex County Council

Value

£2,500,000

Suppliers

Montagu Evans LLP

Classifications

Banking and investment services

Tags

award

Submission Deadline

1 year ago

Published

7 months ago

Description

Essex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund.\r
\r
The Essex Renewal Fund ("ERF") is a revolving investment fund supporting the delivery of new homes and jobs.  It does this through land and property projects that the market wouldn't deliver - or, may not deliver to such high standards.  It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy.\r
The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.

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Organisation

Essex County Council

Regional or local authority

Josh Carter

[email protected]

+44 333

Timeline complete

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