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Essex Renewal Fund Services - Fund and Asset Management

Essex County Council

Buyer Contact Info

Buyer Name: Essex County Council

Buyer Address: County Hall, Market Road, Chelmsford, UKH3, CM1 1QH, United Kingdom

Contact Name: Mr Joshua Carter

Contact Email: joshua.carter@essex.gov.uk

Contact Telephone: +44 333

Status
complete
Procedure
open
Value
1350406.3 GBP
Published
22 Apr 2025, 14:55
Deadline
n/a
Contract Start
n/a
Contract End
n/a
Category
services
CPV
66140000 - Portfolio management services
Region
n/a
Awarded To
Montagu Evans LLP
Official Source
Open Find a Tender

Description

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.

Linked Documents

No linked documents found for this notice.

Opportunity Context

Lots

Lot Description: 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.

Lot 1 Status: cancelled

Lot 1 Has Options: No

Lot 1 Award Criterion (quality): Quality

Lot 1 Award Criterion (quality): Social Value

Raw Notice JSON

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