Essex Renewal Fund Services - Fund and Asset Management

A Tender Notice
by ESSEX COUNTY COUNCIL

Source
Contracts Finder
Type
Contract (Services)
Duration
5 year
Value
£2M
Sector
BUSINESS
Published
01 Oct 2024
Delivery
01 Mar 2025 to 28 Feb 2030
Deadline
11 Nov 2024 12:00

Concepts

Location

Geochart for 1 buyers and 0 suppliers

1 buyer

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. 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. 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.

CPV Codes

  • 66100000 - Banking and investment services

Indicators

  • Contract is suitable for SMEs.

Reference

Domains