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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 conducting negotiations.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| CBRE | 03536032 | - | 1 lot International Real Estate | LOBBYIST Bradshaw Advisory Ltd (4 quarters) |
| SCHRODERS PLC | 03909886 | - | 2 lots Impact / Local Real Estate · UK Core Real Estate | FORMER MP Chuka Umunna— Employment and earnings (former) |
This procurement was divided into 3 lots, each awarded separately. 25 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 UK Core Real Estate 1,800 days (≈4.9 yrs) | £15,000,000 initial term | 7 | SCHRODERS PLC | active |
| Lot 2 International Real Estate 1,800 days (≈4.9 yrs) | £15,000,000 initial term | 10 | CBRE | active |
| Lot 3 Impact / Local Real Estate 1,800 days (≈4.9 yrs) | £15,000,000 initial term | 8 | SCHRODERS PLC | active |
Government spending data: These suppliers have received £187,887,056 in 1,617 payments (over £25k) from Department for Transport, HMCTS, HMRC, Cabinet Office, Ofsted and 25 more public bodies (2011-06-06 to 2026-06-12).
Published by the buyer on this notice. Check the original notice — details change and are not updated here.