Property Management Services

Description

Thames Water wishes to award one or more framework agreements to supplier(s) capable of providing property management services to the Thames Water Group, across our entire business footprint and more widely if required. This could include (but is not limited to) estates and rents management, long term value creation, disposals, acquisitions and development planning relative to the Thames Water Group and Thames Tideway Tunnel property portfolios. Additionally we are seeking the provision of business rates advisory and appeal services. Note that your client may be Thames Water Utilities Limited or another company within the Kemble Water group structure. Lot 1: TWUL Assets – Estates Management, Land Sales, Development and Planning The scope of this procurement is for the provision of specialist, property management and portfolio development services aligned to the Thames Water property portfolio and wider Thames Water Group portfolio. The Thames Water property estate includes c. 5300 sites across 16,000 acres of which c. 60% is in the Greenbelt or Metropolitan open land (MOL). In addition, we have a diverse range of assets that present an opportunity for Thames Water to generate additional income streams and value. This LOT is split in to the following sub-sections: - LOT 1 (a) TWUL Assets - Land Sales, Development and Development Planning - LOT 1 (b) TWUL Assets - Estate Management and Planning These sub-sections will be awarded as a single LOT but have been split out for the pupose of PQQ and ITN as the commercial and contractual models are very different. Activities that we expect to be supported by this procurement could include (but are not limited to): LOT 1 (a): - Land disposals and sales - Long term value creation (yield opportunities) - Acquisitions - Valuation support and project appraisal - Strategic initiatives - Planning and development planning - Internal asset transfers - Affordable housing - Marriage value opportunities - Alternative land use - Accommodation strategy - Aggregates - Advertising - Compulsory purchase advice - Development consent order (DCO) advice - Dedicated property director support - Identification and the potential management of other potential income streams - Interaction and engagement with Thames Water and its key stakeholder groups LOT 1 (b): - Estates management - Rents management (including renewals) - Lease renewals - Property maintenance activities - Service charge management - Statutory compliance - Accounting services and tax compliance - Town planning - Loss of business claims - Interaction and engagement with Thames Water and its key stakeholder groups Successful organisations should have a proven track record in property management and portfolio development services with an experienced, dedicated workforce to deliver the activities mentioned above. We expect successful organisations to operate as an integrated member of the Thames Water Property team, providing services and presence within the Thames Water offices in Reading and the Thames Tideway offices in central London (recommend two days per week unless agreed otherwise). Additionally, Thames Water are seeking suppliers that will provide an innovative contribution towards our key areas of development: - Maximising the value and revenues from our property portfolio over the next 10 years and beyond - Building and identifying a sustainable strategy and pipeline of opportunity to support a 10-year (and beyond) plan - Identifying and validating untapped, potential income streams and value creation within the Thames Water portfolio For the avoidance of doubt the scope for this procurement does not include facilities management. Scope detail for this LOT has been included in our PQQ documentation. Lot 3: Business Rates Thames Water business rates are c. £119million per annum (Water is c£82m and Waste is c£37m). Candidates will need to have relevant experience and a dedicated resource to provide a comprehensive Rating consultancy service for the Portfolio. The successful organisation will deliver advice and support over the Term on appeal strategy, and will maximise opportunities by managing appeal proceedings, including liaising with internal and external parties as necessary. Activities that we expect to be supported by this procurement could include (but are not limited to): - Rates accounting services - Proactive asset survey reviews - Rates billing payments - Valuation office notice appeals - Non-domestic rates consultancy - Central rating list assessment - Monthly reporting and input into budget forecasts and re-forecasts The successful organisation should have a proven track record in ratings consultancy and an experienced, identified workforce to deliver the activities mentioned above. The liability for rates is made up of over 430 rating hereditaments, plus a separate rateable value of £158m on the Central Rating list. The total rateable value for all the sites amounts to over £234m, including the Central list sum, with rates payable during 2019/20 in excess of £119m. Scope detail for this lot has been included in our PQQ documentation.