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Awarded contract
Published 24 May 2019

Awarded Contract: UK Property Management Services for the RBKC Pension Fund

capitalEsourcing · United Kingdom

Key facts

Contract value
£6,160,000
Awarded
24 Apr 2019
Contract starts
12 May 2019
Contract ends
12 May 2034
Procedure
Open procedure (above threshold)
Buyer type
Local government

Awarded to

SupplierValue
CBRE Limited£6,160,000

Description

The RBKC pension fund (\"the pension fund\") has a warded a contract to increase its allocation of UK property investments from the current level of around 5% to around 20%, through a bespoke segregated property portfolio. The service provided will help the pension fund build and maintain a direct property portfolio and provide ongoing management services for the portfolio, including to:

- Advising on property acquisitions and disposals - Executing acquisitions and disposals, including contract negotiations and executions - Managing interaction with tenants and property management, including rent roll - Advising the Investment Committee on strategy; and - Considering and implementing structures to hold assets

Additional information: This procurement was executed through the Council's electronic procurement portal, capitalEsourcing.

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