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Awarded United Kingdom Services

Contract Award - Wales Pension Partnership Private Markets - Real Estate

Buyer: Carmarthenshire County Council

Published
9 January 2025
Estimated value
£45,000,000
Place of performance
UKL14
Procedure
Restricted procedure
Notice number
000635-2025
Reference
ocds-h6vhtk-041afd
Official source
Official source

CPV codes

Description

Carmarthenshire County Council is the Host Authority for the Wales Pension Partnership (WPP). The WPP, established in 2017 is a collaboration of all eight LGPS funds in Wales and is one of eight national Local Government Pension pools. The eight LGPS funds in Wales are: Cardiff and Vale of Glamorgan, City and County of Swansea, Clwyd, Dyfed, Greater Gwent (Torfaen), Gwynedd, Powys and Rhondda Cynon Taf. The WPP has now developed a range of Private Real Estate Sub-Funds which the Constituent Authorities (“CAs”) (Local Government Pension Funds) of Wales can use to obtain the private market exposure that they require to meet their locally decided strategic asset allocations. The WPP has established Sub-Funds which are based on individual asset classes, the WPP has established UK Real Estate, Global Real Estate, and Local / Impact Real Estate Sub-Funds. This Procurement was undertaken in accordance with the Competitive Procedure with Negotiation pursuant to Regulation 29 of the Public Contracts Regulations 2015. Although the Council is utilising the Competitive Procedure with Negotiation route, it reserved the right to award the contract on the basis of the initial tenders without cond…

Lots (3)

LotDescriptionCPV codeAmount
1 UK Core Real Estate
UKL14
66131100 Pension investment services —
2 Impact / Local Real Estate
UKL14
66131100 Pension investment services —
3 International Real Estate
UKL14
66131100 Pension investment services —

Awards

Awarded toAmountDate
SCHRODERS PLC — —
SCHRODERS PLC — —
CBRE — —

Official publications

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Frequently asked questions

What is the estimated value of this tender?
The estimated value published by the buyer is £45,000,000.
Who is the buyer of this tender?
The contracting authority is Carmarthenshire County Council (United Kingdom).
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Data collected from official public procurement sources. Amounts as published by the buyer.