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

> A sourced UK public sector contract award published by capitalEsourcing.

## Key facts

- Buyer: [capitalEsourcing](/buyers/capitalesourcing/contract-awards)
- Supplier: [CBRE Limited](/suppliers/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\.

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## Source

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