8532: Northern LGPS Property Framework

A Contract Award Notice
by TAMESIDE METROPOLITAN BOROUGH COUNCIL ACTING AS ADMINISTRATING AUTHORITY FOR THE GREATER MANCHESTER PENSION FUND

Source
Find a Tender
Type
Framework (Services)
Duration
7 year (est.)
Value
£1-£12M
Sector
BUSINESS
Published
21 Jan 2021
Delivery
To 26 Jan 2028 (est.)
Deadline
n/a

Concepts

Location

Droylsden

Geochart for 4 buyers and 43 suppliers

4 buyers

27 suppliers

Description

Lot 1 is for the management of a discretionary UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis. Lot 2 is for the management of an advisory UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis. Lot 3 is to provide property management services on a UK property portfolio (that is predominantly invested in core property on an unleveraged basis). Lot 4 is to appoint an advisor of management and consultancy services in relation to a regional investment portfolio focused on the North West of England and West Yorkshire. The successful advisor will be expected to make recommendations to the member Funds within the Pool. Lot 5 is to provide property valuation services, potentially on a range of UK property portfolios, ranging in size from c£300m to over £1bn. Lot 6 is for the management of a portfolio of UK properties deemed to require intensive asset management, for example, longstanding vacancy, refurbishment/capital expenditure risk, short WAULTs with renewal risk.

Lot Division

1 1: UK Property Discretionary Mandate

Lot 1 is for the management of a discretionary UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis

Award Criteria
Ownership Focus 20.0
People 20.0
Philosophy Process 20.0
Performance Risk Analysis 20.0
Suitability Cost Evaluation 20.0
2 2: UK Property Advisory Mandate
Award Criteria
Ownership Focus 20.0
People 20.0
Philosophy Process 20.0
Performance Risk Analysis 20.0
Suitability Cost evaluation 20.0
3 3: UK Property Management Mandate
Award Criteria
Ownership Focus 25.0
People 25.0
Philosophy Process 25.0
Suitability, Performance Cost 25.0
4 4: Regional Property Advisory Mandate

Lot 4 is to appoint an advisor of management and consultancy services in relation to a regional investment portfolio focused on the North West of England and West Yorkshire. The successful advisor will be expected to make recommendations to the member Funds within the Pool.

Award Criteria
Ownership Focus 25.0
People 25.0
Philosophy Process 25.0
Suitability, Performance Cost 25.0
5 5: UK Property Valuer Mandate
Award Criteria
Ownership Focus 25.0
People 25.0
Philosophy Process 25.0
Suitability Cost 25.0
6 6: UK property Asset Management Mandate

Lot 6 is for the management of a portfolio of UK properties deemed to require intensive asset management, for example, longstanding vacancy, refurbishment/capital expenditure risk, short WAULTs with renewal risk

Award Criteria
Ownership Focus 20.0
People 20.0
Philosophy Process 20.0
Performance Risk 20.0
Suitability Cost 20.0

Award Detail

1 Aew UK Investment Management (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1a
  • Num offers: 24
  • Value: £1.0-£4,000,000
2 Aviva Investors Global Services (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1b
  • Num offers: 24
  • Value: £1.0-£4,000,000
3 Cbre Global Investors (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1c
  • Num offers: 24
  • Value: £1.0-£4,000,000
4 DTZ Investors (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1d
  • Num offers: 24
  • Value: £1.0-£4,000,000
5 Hermes Investment Management (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1e
  • Num offers: 24
  • Value: £1.0-£4,000,000
6 LA Salle Investment Management (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1f
  • Num offers: 24
  • Value: £1.0-£4,000,000
7 Legal General Investment Management (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1g
  • Num offers: 24
  • Value: £1.0-£4,000,000
8 MG Real Estate (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1h
  • Num offers: 24
  • Value: £1.0-£4,000,000
9 Mayfair Capital Investment Management (London)
  • 1: UK Property Discretionary Mandate
  • Reference: 8532-1i
  • Num offers: 24
  • Value: £1.0-£4,000,000
10 Pgim Real Estate (London)
  • 1: Property Discetionary Mandate
  • Reference: 8532-1j
  • Num offers: 24
  • Value: £1.0-£4,000,000
11 Schroder Real Estate Investment Management (London)
  • 1: Property Discretionary Mandate
  • Reference: 8532-1k
  • Num offers: 24
  • Value: £1.0-£4,000,000
12 Ubs Asset Management (London)
  • 1: Property Discretionary Mandate
  • Reference: 8532-1l
  • Num offers: 24
  • Value: £1.0-£4,000,000
13 Aberdeen Asset Managers (Edinburgh)
  • 2: UK Property Advisory Mandate
  • Reference: 8532-2a
  • Num offers: 7
  • Value: £1.0-£2,500,000
14 BNP Paribas Real Estate Advisory Property Management (London)
  • 2: UK Property Advisory Mandate
  • Reference: 8532-2b
  • Num offers: 7
  • Value: £1.0-£2,500,000
15 Cbre Indirect Investment Services (London)
  • 2: UK Property Advisory Mandate
  • Reference: 8532-2c
  • Num offers: 7
  • Value: £1.0-£2,500,000
16 DTZ Investors (London)
  • 2: UK Property Advisory Mandate
  • Reference: 8532-2d
  • Num offers: 7
  • Value: £1.0-£2,500,000
17 LA Salle Investment Management (London)
  • 2: UK Property Advisory Mandate
  • Reference: 8532-2e
  • Num offers: 7
  • Value: £1.0-£2,500,000
18 Mayfair Capital Investment Management (London)
  • Reference: 8532-2f
  • Num offers: 7
  • Value: £1.0-£2,500,000
19 Schroder Real Estate Investment Management (London)
  • 2: UK Property Advisory Mandate
  • Reference: 8532-2g
  • Num offers: 7
  • Value: £1.0-£2,500,000
20 Avison Young (Manchester)
  • 3: UK Property Management Mandate
  • Reference: 8532-3a
  • Num offers: 7
  • Value: £1.0-£600,000
21 BNP Paribas Real Estate Advisory Property Management (London)
  • 3: UK Property Management Mandate
  • Reference: 8532-3b
  • Num offers: 7
  • Value: £1.0-£600,000
22 Cbre (London)
  • 3: UK Property Management Mandate
  • Reference: 8532-3c
  • Num offers: 7
  • Value: £1.0-£600,000
23 Cushman Wakefield Debenham Tie Leung (Leeds)
  • 3: UK Property Management Mandate
  • Reference: 8532-3d
  • Num offers: 7
  • Value: £1.0-£600,000
24 Knight Frank (London)
  • 3: UK Property Management Mandate
  • Reference: 8532-3e
  • Num offers: 7
  • Value: £1.0-£600,000
25 Savills (London)
  • 3: UK Property Management Mandate
  • Reference: 8532-3f
  • Num offers: 7
  • Value: £1.0-£600,000
26 Apam (London)
  • 4: Regional Property Advisory Mandate
  • Reference: 8532-4a
  • Num offers: 5
  • Value: £1.0-£3,000,000
27 Avison Young (Manchester)
  • 4: Regional Property Advisory Mandate
  • Reference: 8532-4b
  • Num offers: 5
  • Value: £1.0-£3,000,000
28 Cbre (London)
  • 4: Regional Property Advisory Mandate
  • Reference: 8532-4c
  • Num offers: 5
  • Value: £1.0-£3,000,000
29 Cushman Wakefield Debenham Tie Leung (Manchester)
  • 4: Regional Property Advisory Mandate
  • Reference: 8532-4d
  • Num offers: 5
  • Value: £1.0-£3,000,000
30 Avison Young (Manchester)
  • 5: UK Property Valuer Mandate
  • Reference: 8532-5a
  • Num offers: 6
  • Value: £1.0-£375,000
31 BNP Paribas Real Estate Advisory Property Management (London)
  • 5: UK Property Valuer Mandate
  • Reference: 8532-5b
  • Num offers: 6
  • Value: £1.0-£375,000
32 Cbre (London)
  • 5: UK Property Valuer Mandate
  • Reference: 8532-5c
  • Num offers: 6
  • Value: £1.0-£375,000
33 Colliers International Property Consultants (London)
  • 5: UK Property Valuer Mandate
  • Reference: 8532-5d
  • Num offers: 6
  • Value: £1.0-£375,000
34 Cushman Wakefield Debenham Tie Leung (Birmingham)
  • 5: UK Property Valuer Mandate
  • Reference: 8532-5e
  • Num offers: 6
  • Value: £1.0-£375,000
35 Savills (London)
  • 5: UK Property Valuer Mandate
  • Reference: 8532-5f
  • Num offers: 6
  • Value: £1.0-£375,000
36 Aew UK Investment Management (London)
  • 6: UK property Asset Management Mandate
  • Reference: 8532-6a
  • Num offers: 13
  • Value: £1.0-£1,200,000
37 Apam (London)
  • 6: UK property Asset Management Mandate
  • Reference: 8532-6b
  • Num offers: 13
  • Value: £1.0-£1,200,000
38 Cbre (London)
  • 6: UK property Asset Management Mandate
  • Reference: 8532-6c
  • Num offers: 13
  • Value: £1.0-£1,200,000
39 Threadneedle Asset Management (London)
  • 6: UK property Asset Management Mandate
  • Reference: 8532-6d
  • Num offers: 13
  • Value: £1.0-£1,200,000
40 Fiera Real Estate (London)
  • 6: UK property Asset Management Mandate
  • Reference: 8532-6e
  • Num offers: 13
  • Value: £1.0-£1,200,000
41 Praxis Holdings (London)
  • 6: UK property Asset Management Mandate
  • Reference: 8532-6f
  • Num offers: 13
  • Value: £1.0-£1,200,000
42 Schroder Real Estate Investment Management (London)
  • 6: UK property Asset Management Mandate
  • Reference: 8532-6g
  • Num offers: 13
  • Value: £1.0-£1,200,000
43 Ubs Asset Management (London)
  • 6: UK property Asset Management Mandate
  • Reference: 8532-6h
  • Num offers: 13
  • Value: £1.0-£1,200,000

CPV Codes

  • 66131100 - Pension investment services
  • 66131000 - Security brokerage services
  • 66140000 - Portfolio management services
  • 66523000 - Pension fund consultancy services
  • 70332000 - Non-residential property services
  • 71315200 - Building consultancy services
  • 79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Indicators

  • Award on basis of price and quality.

Reference

Domains