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Tenfell
Closed tender
Published 02 May 2019

London Commercial Property Management

Peabody Trust · London

Key facts

Closing date
29 May 2019
Contract starts
02 Sep 2019
Contract ends
31 Aug 2029
Procedure
Negotiated procedure
Buyer type
Housing

Description

Peabody Trust ("Peabody") is tendering the property management services for its London commercial property investment portfolio.

Peabody has, to date, not acted as a commercial property focused developer but has retained its commercial property assets delivered through planning and the portfolio is associated with both historic and current residential development. Whilst the current portfolio is situated throughout London, Peabody now operates with a 30 miles radius of London so there may be commercial units in future schemes in surrounding counties. The current portfolio yields an income of circa £4 million pa and a value of circa £85 million. Based on our current mixed-use development pipeline, we envisage that this rent roll is likely to more than double over the next five years.

Categories (CPV)

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