# Awarded Contract: UK Property Management Services for the RBKC Pension Fund

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [capitalEsourcing](/buyers/capitalesourcing/contract-awards)
- Contract winner: [CBRE Limited](/contract-winners/cbre/public-sector-contract-awards)
- Award value: £6,160,000
- Tender value: £1,710,000
- Award date: 25 April 2019
- Published: 24 May 2019
- Contract start: 13 May 2019
- Contract end: 12 May 2034
- Stage: awarded
- Procurement category: services
- Notice ID: 3f25bc0b-f26d-4383-8d32-1740fbefd867-291343
- OCID: ocds-b5fd17-e049030b-0324-4a42-9db9-4dd27c8fd53c

## Description

The RBKC pension fund \("the pension fund"\) has a warded a contract to increase its allocation of UK property investments from the current level of around 5% to around 20%, through a bespoke segregated property portfolio\. The service provided will help the pension fund build and maintain a direct property portfolio and provide ongoing management services for the portfolio, including to: - Advising on property acquisitions and disposals - Executing acquisitions and disposals, including contract negotiations and executions - Managing interaction with tenants and property management, including rent roll - Advising the Investment Committee on strategy; and - Considering and implementing structures to hold assets Additional information: This procurement was executed through the Council's electronic procurement portal, capitalEsourcing\.

## Related contract awards

- [Provision of Building and Security Services](/contracts/ocds-b5fd17-76bcf458-a4c3-44ab-bef5-bcc19bbd1095): capitalEsourcing
- [Second Source Responsive Repairs - Multi-trade](/contracts/ocds-b5fd17-01d4c3cb-916c-416a-b30d-a7e608b2ab9f): capitalEsourcing
- [Tavistock Gardens - Hard & Soft Landscaping](/contracts/ocds-b5fd17-f77600dc-ecc9-4ac3-b253-880e9c738284): capitalEsourcing
- [Strategic Advice for the Real Estate Vision Plan](/contracts/ocds-b5fd17-11512c0e-3b69-4c86-97ec-f81892b6fa60): Guy's and St Thomas' NHS Foundation Trust
- [Joyce & Snell's Commercial Advice](/contracts/ocds-b5fd17-9a91d60f-2ac1-4ddb-90d4-e023aedaea72): London Borough of Enfield
- [MPF Property Manager 2026](/contracts/ocds-b5fd17-a5e34bd3-e572-43ec-8546-8181276c7452): Wirral Borough Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/3f25bc0b-f26d-4383-8d32-1740fbefd867-291343)