West Midlands Pension Fund - Development Manager Services Contract

Description

West Midlands Pension Fund (the Authority) is one of the UK’s largest pension funds, originally formed by West Midlands County Council and now working in partnership with seven metropolitan district councils and over 800 employers providing public services across the West Midlands region. City of Wolverhampton Council is the Administering Authority for the Fund under the Local Government Pension Scheme Regulations 2013, and have delegated the responsibility for the management of the Fund to the Pensions Committee and the Director of Pensions, and established a Local Pensions Board to assist in governance of the Fund. The fund is focused on delivering value to customers, developing services to enable pension members to plan for their retirement and supporting employers in delivering cost-effective benefits to their employees. They seek to invest responsible to generate long-term defined benefits and drive positive change including in aspects of social, environmental and governance to create long-term sustainability to the Funds people, and to the planet. This opportunity is to support the Authority in the development of a real estate opportunity at 1 Rivergate in Bristol working under instruction of CBRE Investment Managers. The Development Manager shall be expected undertake such actions as (but not limited to) to undertake valuation, options appraisals, lead design development, champion environmental goals, communicate regularly with the Authority's investment partner (CBRE), develop programmes and report on progress. Lot 1: West Midlands Pension Fund are seeking a Supplier to provide Development Management services as described in the Tender pack for the 1 Rivergate Bristol development. The successful supplier will work on behalf of the Fund for CBRE Investment Management, who hold delegated responsibilities for the Authority. The Capital works are anticipated to be in the region of GBP30,000,000 and the works would be anticipated to begin in Q1 or Q2 2026. West Midlands Pension Fund is one of the UK’s largest pension funds, originally formed by West Midlands County Council and now working in partnership with seven metropolitan district councils and over 800 employers providing public services across the West Midlands region. City of Wolverhampton Council is the Administering Authority for the Fund under the Local Government Pension Scheme Regulations 2013, and have delegated the responsibility for the management of the Fund to the Pensions Committee and the Director of Pensions, and established a Local Pensions Board to assist in governance of the Fund. The fund is focused on delivering value to customers, developing services to enable pension members to plan for their retirement and supporting employers in delivering cost-effective benefits to their employees. They seek to invest responsible to generate long-term defined benefits and drive positive change including in aspects of social, environmental and governance to create long-term sustainability to the Funds people, and to the planet.