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Tenfell
Awarded contract
Published 02 Mar 2021

Northern LGPS Property Framework

Tameside Metropolitan Borough Council · North West

Key facts

Awarded
04 Jan 2021
Contract starts
15 Mar 2021
Contract ends
14 Mar 2028
Procedure
Open procedure
Buyer type
Local government

Awarded to 24 suppliers

SupplierValue
Savills—
Knight Frank—
Avison Young (UK) Ltd—
Cushman and Wakefield—
Praxis Real Estate Management Ltd—
CBRE CAPITAL ADVISORS LIMITED—
UBS Asset Management (UK) Ltd—
BNP PARIBAS REAL ESTATE ADVISORY & PROPERTY MANAGEMENT UK LI—
Federated Hermes—
Aviva Investors—
SCHRODERS PLC—
Colliers International Property Advisers UK LLP—
Aberdeen Standard Investments—
AEW UK Investment Management LLP—
APAM Ltd—
CBRE Global Investors—
Columbia Threadneedle Investment—
DTZ Investment Management—
LaSalle Investment Management—
LGIM—
M&G Real Estate Limited—
Mayfair Capital Investment Management Limited—
Palmer Capital—
PGIM Real Estate—

Description

The Northern LGPS (GMPF, MPF, & WYPF) wishes to set up a framework for Investment Property Management Services. Full details of the requirements are set out in the tender pack. In summary, the framework will comprise 6 areas of work divided into Lots. Each Lot will have a number of providers, from whom each of the funds can procure services by way of a mini-competition depending on its needs. As can be seen, the current total value of mandates across all three funds is £2 billion (£2,000,000,000). Some of the current mandates overlap across the way the Lots have been divided up, and so the total amount of mandated work from a particular fund may not increase significantly when divided across the Lots. The Northern LGPS estimates that mandates totalling approximately £2 bn - £2.5 bn may be awarded under the lifetime of the framework across all Lots.

Additional information: DO NOT contact the buyer direct. You should go to the Chest and electronically express your interest in the requirement, after which point the necessary documentation will be made available to you. All correspondence in regards to this requirement must through the messages function of the Chest, no correspondence will be issued by STAR, the Council, or GMPF outside of the Chest.

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