Real estate agency services on a fee or contract basis

Tender description

The Royal Borough of Kensington and Chelsea Pension Fund the (“Pension Fund”) operating under the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016 (SI 2016/946) is seeking to increase its allocation to UK property investments from the current level of around 5 % to around 20 %, through a bespoke segregated property portfolio. This invitation to tender invites proposals from parties with the capability to help the pension fund build and maintain a direct property portfolio and to provide on-going management services for the portfolio, including to: — advise on property acquisitions and disposals, — execute acquisitions and disposals, including contract negotiations and executions, — manage interacting with tenants and property management, including rent roll, — advise the Investment Committee on strategy and — consider and implement structures to hold assets. The Royal Borough of Kensington and Chelsea Pension Fund the (“Pension Fund”) operating under the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016 (SI 2016/946) is seeking to increase its allocation to UK property investments from the current level of around 5 % to around 20 %, through a bespoke segregated property portfolio. This invitation to tender invites proposals from parties with the capability to help the pension fund build and maintain a direct property portfolio and to provide on-going management services for the portfolio, including to: — advise on property acquisitions and disposals, — execute acquisitions and disposals, including contract negotiations and executions, — manage interacting with tenants and property management, including rent roll, — advise the Investment Committee on strategy and — consider and implement structures to hold assets. This contract will have no fixed term. The date given in this notice is purely notional. The value given for the contract is based on the method prescribed by Article 5(14)(b) of Directive 2014/24/EU.