Commercial Property Consultants to undertake a review of Sandwell's Commercial Property Estate

Tender description

Commercial Property Consultants to undertake a review of Sandwell's Commercial Property Estate SMBC owns a significant portfolio of commercial property investments and it wishes to undertake a review of these to establish what opportunities exist to enhance value (income or capital) through redevelopment or through more active estate management. To undertake this review, it wishes to appoint an experienced commercial property consultancy with intimate knowledge and experience of the West Midlands property market. The Council has recently adopted a new Corporate Asset Management Strategy. This sets out a plan for the more effective use of its operational and commercial property assets. There is a particular need to reduce costs and also to enhance income streams. As part of this it needs to look carefully at its commercial property portfolio with a view to identifying opportunities to enhance value. The Council manages the portfolio in-house. Whilst this is a cost-effective way of delivering day-to-day property management, the in-house team do not have the level of exposure to the local property market that a good local agent would have, or the exposure to national operators or to the investment & funding market that a large firm of property consultants would have. It is hoped that by engaging the help of an experienced consultancy with local & regional agency experience and with investment, funding and estate management experience, opportunities to enhance value can be identified. The Council will be using the In-tend e-Tendering System for this Procurement exercise, please visit https://in-tendhost.co.uk/sandwellmbc to access the Sandwell MBC In-tend Supplier Portal. From here you will be able to register your company, express an interest in the opportunity, and gain immediate access to Quotation or other related documents. To submit a quotation you will be required to 'Opt In'. For a Step by Step user guide to the Sandwell MBC In-tend Supplier Portal please click on the `Guidance for Suppliers` section of the website. All procurement responses must be carried out via the Sandwell MBC In-tend Supplier Portal. If you require further assistance in respect of the system please contact the In-tend support team on 0844 272 8810. Closing date: Friday 24 February 2023 at 15:00hrs Additional information: Is a Recurrent Procurement Type? : No