Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Peabody Trust
Minster Court, 45-47 Westminster Bridge Road
London
SE1 7JB
UK
Contact person: Reena Nijjar
Telephone: +44 7715634164
E-mail: reena.nijjar@peabody.org.uk
NUTS: UKI
Internet address(es)
Main address: www.peabody.org.uk
Address of the buyer profile: www.delta-esourcing.co.uk
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Housing and community amenities
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
London Commercial Property Management
II.1.2) Main CPV code
70330000
II.1.3) Type of contract
Services
II.1.4) Short 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 4 000 000 GBP pa and a value of circa 85 000 000 GBP. Based on our current mixed-use development pipeline, we envisage that this rent roll is likely to more than double over the next 5 years.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
3 000 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
70330000
70332200
70332000
70332100
70332300
79993000
79993100
70331000
II.2.3) Place of performance
NUTS code:
UKI
Main site or place of performance:
London.
II.2.4) Description of the procurement
The spread of the current portfolio is balanced across all sectors office, retail, leisure and ancillary uses. This is expected to continue in the future and with any additions to the portfolio. The successful bidder will be required to add any additional properties to the portfolio and manage them in the same format as the remainder of the portfolio.
The opportunity includes the complete property management service from rent collection to financial reporting. You will be expected to have knowledge of and manage compliance processes, the differing occupier requirements across all sectors and provide innovative ideas to support to the Peabody Trust in increasing the overall value of the portfolio.
This opportunity is purely for the property management of Peabody’s London commercial property investment portfolio. There will be no link with or potential instruction from any other part of Peabody or service line it provides. It excludes Peabody’s Thamesmead commercial portfolio.
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Competitive procedure with negotiation
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
23/08/2019
V.2.2) Information about tenders
Number of tenders received: 15
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
BNP Paribas Real Estate Advisory and Property Management UK Ltd
RCS: 692 012 180 RCS Nanterre
5 Aldermanbury Square
London
EC2V 7BP
UK
Telephone: +44 2073384081
E-mail: steve.harber@realestate.bnpparibas
Fax: +44 2074302628
NUTS: UKI
Internet address(es)
URL: www.realestate.bnpparibas.co.uk
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 3 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=429054045
GO Reference: GO-2019910-PRO-15350281
VI.4) Procedures for review
VI.4.1) Review body
High Courts of Justice of the Royal Court of Justice
The Strand
London
WC2A 2LL
UK
Telephone: +44 2079476000
VI.4.2) Body responsible for mediation procedures
Peabody
Minster Court, 45-47 Westminster Bridge Road
London
SE1 7JB
UK
Telephone: +44 2038284233
VI.4.4) Service from which information about the review procedure may be obtained
Peabody
Minster Court, 45-47 Westminster Bridge Road
London
SE1 7JB
UK
Telephone: +44 2038284233
VI.5) Date of dispatch of this notice
10/09/2019