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Published date: 1 October 2024

Contract summary

Industry

Banking and investment services - 66100000

Location of contract

England

Value of contract

£2,500,000

Procurement reference

ECC001-DN660817-59708400

Published date

1 October 2024

Closing date

11 November 2024

Closing time

12pm

Contract start date

1 March 2025

Contract end date

28 February 2030

Contract type

Service contract

Procedure type

Open procedure

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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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.

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How to apply

Follow the instructions given in the description or the more information section.

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About the buyer

Contact name

Josh Carter

Address

County Hall
Market Road
Chelmsford
CM1 1QH
United Kingdom

Telephone

+44 333

Email

joshua.carter@essex.gov.uk

Website

https://www.essex.gov.uk/

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