Cumbernauld Town Centre - Asset Management 2024 - 2025

Concepts

• commercial property management
• motherwell
• cumbernauld town centre
• cumbernauld shopping centre
• longer term management solution
• cumbernauld
• lease management
• cumbernauld town centre - asset management
• hard and soft facilities management
• 2024

Location

Cumbernauld

Geochart for 1 buyers and 2 suppliers

North Lanarkshire Council

Belgate Estates

+−

Leaflet | Map tiles by Stamen Design, under CC BY 3.0. Data by OpenStreetMap, under ODbL.

Description

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.

Total Quantity or Scope

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.

Award Detail

Award Criteria

CPV Codes

• 70332200 - Commercial property management services

Indicators

Legal Justification

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.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** (SC Ref:774784)