ACCESS Pool Investment Manager for Real Estate - UK Core

Hampshire County Council is running this procurement on behalf of ACCESS pool and is

seeking to appoint an investment manager to manage and grow the assigned UK Core Real

Estate mandates of the ACCESS Pool members.

The procurement will be carried out as a two stage Restricted procedure.

At the conclusion of the procurement procedure, each named Authority will enter into its

own contract with the successful Supplier at their own discretion.

The duration of the contract(s) shall be thirty (30) years, subject to a five (5) yearly review

cycle during this period.

Full details of the requirement can be found in the Specification at Annex 1 of the ITT

documentation by registering within Hampshire's instance of the In-Tend e-procurement

platform at the following URL: in-tendhost.co.uk/hampshire/aspx/Home ↗ Additional information: Note: The stated contract value is an estimate of fees payable over the life of the contract

based on anticipated mandate size and maximum fees set out in the Pricing Schedule. The

actual fees payable will depend on these and other relevant factors applicable over the

course of the mandate. This amount should not be taken as a guaranteed value or payment.

Specifically, the estimated total contract value shown above has been derived by making a

number of assumptions at the time of writing, which include: the authorities' current

exposure of £4.9 billion as initial assets in the mandate; a contract length of 30 years; a

maximum blended fee rate of 50 basis points; a constant asset growth assumption of 6.0%.

p.a. It should be noted that in practice the actual levels of assets, fees and growth rates are

highly likely to differ materially from these assumptions over the term of the mandate.