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Awarded United Kingdom Services

Cumbernauld Town Centre - Asset Management 2024 - 2025

Buyer: North Lanarkshire Council

Published
9 August 2024
Estimated value
£125,000
Place of performance
UKM84
Procedure
Direct award
Lots
1
Notice number
025147-2024
Reference
ocds-h6vhtk-048937
Official source
Official source

Description

North Lanarkshire Council is looking to transform Cumbernauld by regenerating its town centre from a sterile transport corridor to a place where people can move freely, thereby integrating and connecting the developments on either side of Central Way to form a traditional high street for the first time in the town’s development. To kick start this transformational change, the Council has acquired the two adjoined shopping centres occupying an extensive site in the middle of Cumbernauld town centre - ‘The Centre Cumbernauld and Cumbernauld Shopping Centre’ (known as ‘The Centre Cumbernauld’ (TCC)). Following the acquisition of TCC in June 2023, there was a requirement to have the facility managed and operated as efficiently as possible to maximise revenue and reduce overhead costs until existing leaseholds expire or can be ended, and vacant possession achieved prior to planned complete or phased demolition of the building. Upon acquisition of TCC, the Council novated two historic management contracts from the previous owner on a short-term basis up to 12 months to enable a smooth operating transition and to minimise disruption to existing tenants. These contracts are regarded as the…

Awards

Awarded toAmountDate
Belgate Estates Limited — —
HKI Partnership LLP — —

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 £125,000.
Who is the buyer of this tender?
The contracting authority is North Lanarkshire Council (United Kingdom).
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Data collected from official public procurement sources. Amounts as published by the buyer.