Section II: Object
II.1)Scope of the procurement
II.1.1)Title:
Northern LGPS Property Framework
Reference number: DN470007
II.1.2)Main CPV code66131100 Pension investment services
II.1.3)Type of contractServices
II.1.4)Short description:
Lot 1: is for the management of a discretionary UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis.
Lot 2: is for the management of an advisory UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis.
Lot 3: is to provide property management services on a UK property portfolio (that is predominantly invested in core property on an unleveraged basis).
Lot 4: is to appoint an advisor of management and consultancy services in relation to a regional investment portfolio focused on the North West of England and West Yorkshire. The successful advisor will be expected to make recommendations to the member Funds within the Pool.
Lot 5 is to provide property valuation services, potentially on a range of UK property portfolios, ranging in size from cGBP 300 000 000 to over GBP 1 000 000 000.
Lot 6 is for the management of a portfolio of UK properties deemed to require intensive asset management, for example, longstanding vacancy, refurbishment/capital expenditure risk, short WAULTs with renewal risk.
II.1.5)Estimated total valueValue excluding VAT: 12 000 000.00 GBP
II.1.6)Information about lotsThis contract is divided into lots: yes
Tenders may be submitted for all lots
II.2)Description
II.2.1)Title:
1: UK Property Discretionary Mandate
Lot No: 1
II.2.2)Additional CPV code(s)66131000 Security brokerage services
66140000 Portfolio management services
66523000 Pension fund consultancy services
70332000 Non-residential property services
71315200 Building consultancy services
79000000 Business services: law, marketing, consulting, recruitment, printing and security
II.2.3)Place of performanceNUTS code: UK UNITED KINGDOM
II.2.4)Description of the procurement:
Lot 1 is for the management of a discretionary UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis.
II.2.5)Award criteriaPrice is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated valueValue excluding VAT: 4 000 000.00 GBP
II.2.7)Duration of the contract, framework agreement or dynamic purchasing systemDuration in months: 84
This contract is subject to renewal: yes
Description of renewals:
The framework agreement is likely to be renewed upon its expiry.
II.2.10)Information about variantsVariants will be accepted: no
II.2.11)Information about optionsOptions: no
II.2.13)Information about European Union fundsThe procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information
The value indicated is the absolute maximum over the potential 7 years framework agreement duration. The value provided for each lot is an estimate only and no guarantee can or will be made of the expected value of each lot. Expenditure in one lot may have an effect on the expenditure in another lot depending on how the assets are allocated, and so the final value may be significantly below that advertised. The value also depends on the take up of each Fund. In any event, the ultimate value over the 7-year framework agreement duration will depend on future investment decisions and market returns.
II.2)Description
II.2.1)Title:
2: UK Property Advisory Mandate
Lot No: 2
II.2.2)Additional CPV code(s)66131100 Pension investment services
66140000 Portfolio management services
66141000 Pension fund management services
66523000 Pension fund consultancy services
70332000 Non-residential property services
71315200 Building consultancy services
79000000 Business services: law, marketing, consulting, recruitment, printing and security
II.2.3)Place of performanceNUTS code: UK UNITED KINGDOM
II.2.4)Description of the procurement:
Lot 2 is for the management of an advisory UK direct property portfolio investing predominantly in core property, mostly on an unleveraged basis.
II.2.5)Award criteriaPrice is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated valueValue excluding VAT: 2 500 000.00 GBP
II.2.7)Duration of the contract, framework agreement or dynamic purchasing systemDuration in months: 84
This contract is subject to renewal: yes
Description of renewals:
The framework agreement is likely to be renewed upon its expiry.
II.2.10)Information about variantsVariants will be accepted: no
II.2.11)Information about optionsOptions: no
II.2.13)Information about European Union fundsThe procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information
The value indicated is the absolute maximum over the potential 7 years framework agreement duration. The value provided for each lot is an estimate only and no guarantee can or will be made of the expected value of each lot. Expenditure in one lot may have an effect on the expenditure in another lot depending on how the assets are allocated, and so the final value may be significantly below that advertised. The value also depends on the take up of each Fund. In any event, the ultimate value over the 7-year framework agreement duration will depend on future investment decisions and market returns.
II.2)Description
II.2.1)Title:
3: UK Property Management Mandate
Lot No: 3
II.2.2)Additional CPV code(s)66141000 Pension fund management services
66523000 Pension fund consultancy services
70332000 Non-residential property services
71315200 Building consultancy services
79000000 Business services: law, marketing, consulting, recruitment, printing and security
II.2.3)Place of performanceNUTS code: UK UNITED KINGDOM
II.2.4)Description of the procurement:
Lot 3 is to provide property management services on a UK property portfolio (that is predominantly invested in core property on an unleveraged basis).
II.2.5)Award criteriaPrice is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated valueValue excluding VAT: 600 000.00 GBP
II.2.7)Duration of the contract, framework agreement or dynamic purchasing systemDuration in months: 84
This contract is subject to renewal: yes
Description of renewals:
The framework agreement is likely to be renewed upon its expiry.
II.2.10)Information about variantsVariants will be accepted: no
II.2.11)Information about optionsOptions: no
II.2.13)Information about European Union fundsThe procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information
The value indicated is the absolute maximum over the potential 7 years framework agreement duration. The value provided for each lot is an estimate only and no guarantee can or will be made of the expected value of each lot. Expenditure in one lot may have an effect on the expenditure in another lot depending on how the assets are allocated, and so the final value may be significantly below that advertised. The value also depends on the take up of each Fund. In any event, the ultimate value over the 7-year framework agreement duration will depend on future investment decisions and market returns.
II.2)Description
II.2.1)Title:
4: Regional Property Advisory Mandate
Lot No: 4
II.2.2)Additional CPV code(s)66140000 Portfolio management services
66523000 Pension fund consultancy services
70332000 Non-residential property services
71315200 Building consultancy services
79000000 Business services: law, marketing, consulting, recruitment, printing and security
II.2.3)Place of performanceNUTS code: UK UNITED KINGDOM
II.2.4)Description of the procurement:
Lot 4 is to appoint an advisor of management and consultancy services in relation to a regional investment portfolio focused on the North West of England and West Yorkshire. The successful advisor will be expected to make recommendations to the member Funds within the Pool.
II.2.5)Award criteriaPrice is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated valueValue excluding VAT: 3 000 000.00 GBP
II.2.7)Duration of the contract, framework agreement or dynamic purchasing systemDuration in months: 84
This contract is subject to renewal: yes
Description of renewals:
The framework agreement is likely to be renewed upon its expiry.
II.2.10)Information about variantsVariants will be accepted: no
II.2.11)Information about optionsOptions: no
II.2.13)Information about European Union fundsThe procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information
The value indicated is the absolute maximum over the potential 7 years framework agreement duration. The value provided for each lot is an estimate only and no guarantee can or will be made of the expected value of each lot. Expenditure in one lot may have an effect on the expenditure in another lot depending on how the assets are allocated, and so the final value may be significantly below that advertised. The value also depends on the take up of each Fund. In any event, the ultimate value over the 7-year framework agreement duration will depend on future investment decisions and market returns.
II.2)Description
II.2.1)Title:
5: UK Property Valuer Mandate
Lot No: 5
II.2.2)Additional CPV code(s)66140000 Portfolio management services
66523000 Pension fund consultancy services
70332000 Non-residential property services
71315200 Building consultancy services
79000000 Business services: law, marketing, consulting, recruitment, printing and security
II.2.3)Place of performanceNUTS code: UK UNITED KINGDOM
II.2.4)Description of the procurement:
Lot 5 is to provide property valuation services, potentially on a range of UK property portfolios, ranging in size from cGBP 300 000 000 to over GBP 1 000 000 000.
II.2.5)Award criteriaPrice is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated valueValue excluding VAT: 375 000.00 GBP
II.2.7)Duration of the contract, framework agreement or dynamic purchasing systemDuration in months: 84
This contract is subject to renewal: yes
Description of renewals:
The framework agreement is likely to be renewed upon its expiry.
II.2.10)Information about variantsVariants will be accepted: no
II.2.11)Information about optionsOptions: no
II.2.13)Information about European Union fundsThe procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information
The value indicated is the absolute maximum over the potential 7 years framework agreement duration. The value provided for each lot is an estimate only and no guarantee can or will be made of the expected value of each lot. Expenditure in one lot may have an effect on the expenditure in another lot depending on how the assets are allocated, and so the final value may be significantly below that advertised. The value also depends on the take up of each Fund. In any event, the ultimate value over the 7-year framework agreement duration will depend on future investment decisions and market returns.
II.2)Description
II.2.1)Title:
6: UK property Asset Management Mandate
Lot No: 6
II.2.2)Additional CPV code(s)66140000 Portfolio management services
66523000 Pension fund consultancy services
70332000 Non-residential property services
71315200 Building consultancy services
79000000 Business services: law, marketing, consulting, recruitment, printing and security
II.2.3)Place of performanceNUTS code: UK UNITED KINGDOM
II.2.4)Description of the procurement:
Lot 6 is for the management of a portfolio of UK properties deemed to require intensive asset management, for example, longstanding vacancy, refurbishment/capital expenditure risk, short WAULTs with renewal risk.
II.2.5)Award criteriaPrice is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated valueValue excluding VAT: 1 200 000.00 GBP
II.2.7)Duration of the contract, framework agreement or dynamic purchasing systemDuration in months: 84
This contract is subject to renewal: yes
Description of renewals:
The framework agreement is likely to be renewed upon its expiry.
II.2.10)Information about variantsVariants will be accepted: no
II.2.11)Information about optionsOptions: no
II.2.13)Information about European Union fundsThe procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information
The value indicated is the absolute maximum over the potential 7 years framework agreement duration. The value provided for each lot is an estimate only and no guarantee can or will be made of the expected value of each lot. Expenditure in one lot may have an effect on the expenditure in another lot depending on how the assets are allocated, and so the final value may be significantly below that advertised. The value also depends on the take up of each Fund. In any event, the ultimate value over the 7-year framework agreement duration will depend on future investment decisions and market returns.