Property Management Services Tender London

Property Management Services Tender London

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

United Kingdom-London: Property management services of real estate on a fee or contract basis

2019/S 084-200996

Contract notice


Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Peabody Trust
Minster Court, 45-47 Westminster Bridge Road
United Kingdom
Contact person: Reena Nijjar
Telephone: +44 7715634164
NUTS code: UKI
Internet address(es):Main address:

Address of the buyer profile:

I.2)Information about joint procurement


The procurement documents are available for unrestricted and full direct access, free of charge, at:
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted to the abovementioned address

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


London Commercial Property Management

II.1.2)Main CPV code


II.1.3)Type of contract


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.1.5)Estimated total value

Value excluding VAT: 800 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no

II.2.2)Additional CPV code(s)


II.2.3)Place of performance

NUTS code: UKI
Main site or place of performance:


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 is not the only award criterion and all criteria are stated only in the procurement documents

II.2.6)Estimated value

Value excluding VAT: 800 000.00 GBP

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Start: 03/09/2019
End: 31/08/2029
This contract is subject to renewal: no

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged minimum number: 5

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure


IV.1.1)Type of procedure

Competitive procedure with negotiation
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.5)Information about negotiation
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: yes
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 29/05/2019
Local time: 12:00

IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

Date: 17/06/2019

IV.2.4)Languages in which tenders or requests to participate may be submitted:

IV.2.6)Minimum time frame during which the tenderer must maintain the tender
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: yes
Estimated timing for further notices to be published:

9 years.

VI.2)Information about electronic workflows

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. GO Reference: GO-2019429-PRO-14844230

VI.4)Procedures for review

VI.4.1)Review body

High Courts of Justice of The Royal Court of Justice
The Strand
United Kingdom
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice: