Tender Summary

Wales Pension Partnership Private Markets - Real Estate

Buying Organisation

Carmarthenshire County Council

Contract Value

£56,000,000

Tender 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 is now looking to develop 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 wants to establish Sub-Funds which are based on individual asset classes, the WPP plans on establishing UK Real Estate, Global Real Estate, and Local / Impact Real Estate Sub-Funds.
This Procurement is being 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 reserves the right to award the contract on the basis of the initial tenders without conducting negotiations.

Tender categories (products & services required)

Pension investment services (CPV 66131100)

Region

Wales (UKL)

Buyer Information