# London Commercial Property Management

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

## Key facts

- Public buyer: [Peabody Trust](/buyers/peabody-trust/contract-awards)
- Contract winner: BNP Paribas Real Estate Advisory & Property Management UK Li
- Award value: £3,000,000
- Tender value: £3,000,000
- Award date: 23 August 2019
- Published: 13 September 2019
- Contract start: 9 September 2019
- Contract end: 10 September 2029
- Stage: awarded
- Procurement category: services
- Notice ID: ef56a777-6a8f-433a-833e-666099522b30-313724
- OCID: ocds-b5fd17-be2206ea-b091-462b-991b-2c09c18b65cb

## Description

Peabody Trust \("Peabody"\) is tendering the property management services for its London commercial property investment portfolio\. Peabody has, to date, not acted as a commercial property focused developer but has retained its commercial property assets delivered through planning and the portfolio is associated with both historic and current residential development\. Whilst the current portfolio is situated throughout London, Peabody now operates with a 30 miles radius of London so there may be commercial units in future schemes in surrounding counties\. The current portfolio yields an income of circa £4 million pa and a value of circa £85 million\. Based on our current mixed-use development pipeline, we envisage that this rent roll is likely to more than double over the next five years\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/ef56a777-6a8f-433a-833e-666099522b30-313724)