Source: https://tendernation.io/opportunities/01a13bad-349c-70aa-96b4-361baeb44d11/cumbernauld-town-centre-property-management-2024-2025

awarded GB negotiated without publication procedure

# Cumbernauld Town Centre - Property Management 2024 - 2025

[North Lanarkshire Council](https://tendernation.io/buyers/north-lanarkshire-council)

Estimated value

Not stated

Published

9 Aug 2024

Deadline

Rolling deadline

## About this tender

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 “Asset Manager” and “Property Manager”. These 12-month contracts have been reprocured for a period of 12 months, with an extension period of 3 months, to allow for the procurement of longer term management solution.

Read full description

## CPV classification

Commercial property management services

Source

Find a Tender (UK) · Notice ocds-h6vhtk-048938-2024-08-09T08:44:54+01:00

[View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-048938-2024-08-09T08:44:54+01:00)

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