Valuation of West Midlands Pension Fund Agricultural Portfolio

The requirement is to develop a medium term contract let by the Council for valuation of the West Midlands Pension Funds Agricultural portfolio, currently valued at c£9.5m comprising 4 holdings as follows:

Holding Acreage Tenancy Cheshire 435 4 Tenants Vacant Land Cleveland 996 4 Tenants Warwickshire 57 1 Tenant Bedfordshire 3 1 Tenant

The aims of the contract are to develop a mutually beneficial contractual arrangement which will: • Provide an efficient mechanism of providing valuations. • Have access to the specialist skills needed, demonstrated by a history of similar mandates. • Provide and sustain an open, co-operative and business like culture between the Fund and the Manager. • Maintain a professional and respected position on corporate governance and related issues.

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