A Property Management Agent for Lot 1, 2 New Bailey Square and Lot 2, 100 Embankment

Tender description

2 New Bailey Square is comprised of 188,000sq ft of grade A office across ten upper storeys together with ground floor retail/leisure space. Tenants of the building also benefit from access to a communal roof terrace and a basement car park. Two occupiers, Eversheds Sutherland LLP and Berrymans Lace Mawer LLP have between them committed to occupy six and a half of the ten floors and marketing continues to identify occupiers for the remaining space. 100 Embankment is the second and final phase of the Embankment development and is located alongside 101 Embankment which was completed in 2016. The property sits on a podium deck within which is a 455 space Q-Park and a Sainsburys convenience store. Adjacent to the development is the Greengate link forming the main route between Manchester city centre and the expanding Greengate residential area. Embankment is a nine storey 166,000sq ft grade A office building, phase 2 of the Embankment development. Practical completion is forecast for May 2020 (subject to change). The Council is forward funding the development and will own the completed building. The appointment will be for the management of 100 Embankment only, there will be no other properties or estate common parts forming part of the instruction. Lot 1: A Property Managing Agent for 2 New Bailey Square This is a 3 year contract with the option to extend for a further 2 years for both Bailey Square and 100 Embankment. The key objectives for the managing agent will be to: • Provide an exceptional management service to occupiers, visitors and potential occupiers of 2 New Bailey Square and 100 Embankment. • Maintain a safe, clean and attractive environment in a pleasant and well-maintained building • Provide at all times the services at a competitive price having regard to the service charge payable by the buildings’ occupiers • Manage and provide service charge cost information in a timely and transparent manner adhering at all times to the RICS Professional Statement on service charges Lot 2: A Property Managing Agent for 100 Embankment This is a 3 year contract with the option to extend for a further 2 years for both Bailey Square and 100 Embankment. The key objectives for the managing agent will be to: • Provide an exceptional management service to occupiers, visitors and potential occupiers of 2 New Bailey Square and 100 Embankment. • Maintain a safe, clean and attractive environment in a pleasant and well-maintained building • Provide at all times the services at a competitive price having regard to the service charge payable by the buildings’ occupiers • Manage and provide service charge cost information in a timely and transparent manner adhering at all times to the RICS Professional Statement on service charges