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Published date: 1 October 2024
Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.
Banking and investment services - 66100000
England
£2,500,000
ECC001-DN660817-59708400
1 October 2024
11 November 2024
12pm
1 March 2025
28 February 2030
Service contract
Open procedure
Any interested supplier may submit a tender in response to an opportunity notice.
Yes
No
Essex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund.
The Essex Renewal Fund ("ERF") is a revolving investment fund supporting the delivery of new homes and jobs. It does this through land and property projects that the market wouldn't deliver - or, may not deliver to such high standards. It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy.
The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.
Follow the instructions given in the description or the more information section.
Josh Carter
County Hall
Market Road
Chelmsford
CM1 1QH
United Kingdom
+44 333
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