Strategic Property Advisor for Wirral Borough Council

Strategic Property Advisor for Wirral Borough Council

Merseyside Pension Fund is seeking to appoint a Strategic Property Adviser (section 1) and Property Manager (Operational) (section 2) under separate contracts on an advisory basis.

United Kingdom-Birkenhead: Portfolio management services

2015/S 185-335976

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Wirral Borough Council
Municipal Building, Cleveland Street
Contact point(s): Corporate Procurement
For the attention of: Head of Procurement
CH41 6BU Birkenhead
UNITED KINGDOM
Telephone: +44 1516062000
E-mail: tenders@wirral.gov.uk
Fax: +44 1516663705

Internet address(es):

General address of the contracting authority: http://www.wirral.gov.uk/

Electronic access to information: www.the-chest.org.uk

Electronic submission of tenders and requests to participate: www.the-chest.org.uk

Further information can be obtained from: Wirral Borough Council
Municipal Building, Cleveland Street
Contact point(s): Corporate Procurement
For the attention of: Head of Procurement
CH41 6BU Birkenhead
UNITED KINGDOM
Telephone: +44 1516062000
E-mail: tenders@wirral.gov.uk
Fax: +44 1516663705

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: Wirral Borough Council
Municipal Building, Cleveland Street
Contact point(s): Corporate Procurement
For the attention of: Head of Procurement
CH41 6BU Birkenhead
UNITED KINGDOM
Telephone: +44 1516062000
E-mail: tenders@wirral.gov.uk
Fax: +44 1516663705

Tenders or requests to participate must be sent to: Wirral Borough Council
Municipal Building, Cleveland Street
Contact point(s): Corporate Procurement
For the attention of: Head of Procurement
CH41 6BU Birkenhead
UNITED KINGDOM
Telephone: +44 1516062000
E-mail: tenders@wirral.gov.uk
Fax: +44 1516663705

I.2)Type of the contracting authority

Regional or local authority

I.3)Main activity

General public services

I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description

II.1.1)Title attributed to the contract by the contracting authority:

MPF- Strategic Property Advisor.

II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6: Financial services a) Insurances services b) Banking and investment services

NUTS code UKD54

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement

II.1.5)Short description of the contract or purchase(s)

Merseyside Pension Fund is seeking to appoint a Strategic Property Adviser (section 1) and Property Manager (Operational) (section 2) under separate contracts on an advisory basis. There is no intention for the 2 mandates to be amalgamated in to 1. Each contract will be for a period of 6 years with the option to extend for a further 4 years. The Council reserves the right to terminate the contracts at any time subject to notice of 3 months.
The Strategic Property Adviser will review the investment strategy for the UK property portfolio annually with quarterly updates and will be responsible for ensuring the Property Manager (Operational) is fully aware of the strategy agreed by Officers of the Fund. Presentations of Quarterly Reports will take place in Liverpool.
The appointed Strategic Property Adviser will be expected to recommend purchases and sales in accordance with the agreed strategy and to act for the Fund along with the appointed solicitor in those transactions.

II.1.6)Common procurement vocabulary (CPV)

66140000, 66523000

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): no
II.1.8)Lots

II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract

II.2.1)Total quantity or scope:

Merseyside Pension Fund (MPF) is a Local Government Pension Fund and administered by Wirral Borough Council on behalf of 5 Councils in the Merseyside area and a wide range of other employing bodies. The value of the Fund was 6 700 000 000 GBP as at 30.6.2015 with 128 254 members and over 46 000 pensioners as at 31.3.2015.
The UK property portfolio is considered an important part of the investment strategy for MPF providing rental income and is managed with the expectation it exceeds the IPD Quarterly benchmark by sourcing new properties together with estate management including refurbishments, development, forward funding and disposal of properties to ensure the agreed strategy is met.
The Fund has an 8 % asset allocation to property of which approximately 70 % is direct UK property with a value of 392 000 000 GBP as at 30.6.2015. The remaining 30 % is invested in alternative property related funds managed in house.
The Strategic Property Adviser will review the investment strategy for the UK property portfolio annually with quarterly updates and will be responsible for ensuring the Property Manager (Operational) is fully aware of the strategy agreed by Officers of the Fund. Presentations of Quarterly Reports will take place in Liverpool.
The appointed Strategic Property Adviser will be expected to recommend purchases and sales in accordance with the agreed strategy and to act for the Fund along with the appointed solicitor in those transactions.
MPF places high importance the Strategic Adviser establishes a co-operative working relationship with not only Officers of the Fund but also with the Property Manager (Operational), Valuer and appointed solicitors in order to maximise the exchange of ideas and skills with the ultimate objective of maximising returns for MPF.
Estimated value excluding VAT:
Range: between 500 000 and 1 000 000 GBP

II.2.2)Information about options

Options: no

II.2.3)Information about renewals

This contract is subject to renewal: no
II.3)Duration of the contract or time limit for completion

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract

III.1.1)Deposits and guarantees required:

See tender documents for further information.

III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:

See tender documents for further information.
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: no
III.2)Conditions for participation
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers
III.2.2)Economic and financial ability
III.2.3)Technical capacity
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts

III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: no

III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: no

Section IV: Procedure

IV.1)Type of procedure

IV.1.1)Type of procedure

Open
IV.1.2)Limitations on the number of operators who will be invited to tender or to participate

IV.1.3)Reduction of the number of operators during the negotiation or dialogue

Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated no
IV.2)Award criteria

IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document

IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information

IV.3.1)File reference number attributed by the contracting authority:

A2CH-F2TFYT
IV.3.2)Previous publication(s) concerning the same contract

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Payable documents: no

IV.3.4)Time limit for receipt of tenders or requests to participate

21.10.2015 – 12:00
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates

IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.
IV.3.7)Minimum time frame during which the tenderer must maintain the tender

IV.3.8)Conditions for opening of tenders

Persons authorised to be present at the opening of tenders: no

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no
VI.3)Additional information
VI.4)Procedures for appeal

VI.4.1)Body responsible for appeal procedures

Royal Courts of Justice
Strand
WC2A 2LL London
UNITED KINGDOM
Telephone: +44 2079476000

Body responsible for mediation procedures

Royal Courts of Justice
Strand
WC2A 2LL London
UNITED KINGDOM
Telephone: +44 2079476000

VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: Appeals will be managed via: www.the-chest.org.uk

VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:

21.9.2015

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