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Princes Exchange, Leeds – Managing Agent & Estate Management Services

Buyer: NETWORK RAIL INFRASTRUCTURE LIMITED →

BuyerNETWORK RAIL INFRASTRUCTURE LIMITED
Statusplanning
DeadlineNot published
Value£650,000
Published21 Apr 2026

What is being bought

Network Rail Infrastructure Limited is undertaking a Preliminary Market Engagement (PME) to inform a potential future procurement for the provision of estate management and managing agent services at Princes Exchange, Leeds. Princes Exchange is a multi-tenanted, Grade A commercial office building currently undergoing refurbishment and, on completion, is expected to provide approximately 94,000 sq. ft. of modern office accommodation across multiple floors. The building will comprise a mix of rail occupier space and commercial office accommodation, supported by shared amenities including reception, business lounge and café facilities. Through this PME, Network Rail is seeking to engage with the supply market to better understand market capability, delivery models and commercial approaches for managing agent and estate management services within a comparable multi-tenant commercial office environment. The potential scope of services may include, but is not limited to: • Property and estate management services • Tenant and occupier engagement and relationship management • Facilities management coordination, including oversight of hard and soft FM services delivered by third-party providers • Supplier and contract management, including management of third-party service providers • Service charge administration, budgeting and financial reporting • Health, safety and statutory compliance management • Performance monitoring, reporting and governance The appointed managing agent (subject to any future procurement) would be expected to act on behalf of Network Rail in delivering the day-to-day operational management of the building, ensuring it is managed safely, efficiently and in compliance with all relevant statutory and regulatory requirements, while delivering a high-quality occupier experience. The services relate to the provision of managing agent and estate management functions. Delivery of operational facilities management services (including, but not limited to, cleaning, security, maintenance and utilities) is not expected to form part of the managing agent contract and may be procured separately. Network Rail is seeking feedback from the market on: • Typical delivery models and organisational structures for services of this nature • Allocation of responsibilities between managing agents and specialist subcontractors • Commercial models, pricing structures and value-for-money considerations • Innovation, digital solutions and opportunities to enhance occupier experience • Market capacity and appetite to deliver services of this scale and specification • Key risks, challenges and opportunities associated with delivering these services This Preliminary Market Engagement is being conducted for information-gathering purposes only. It does not constitute a call for competition, a procurement, or any commitment by Network Rail to undertake a procurement exercise. Network Rail has not yet determined the final route to market and may consider a range of compliant procurement approaches in accordance with the Procurement Act 2023 and internal governance requirements. Participation in this PME will not confer any advantage or disadvantage in any subsequent procurement process.

Delivery location

UKE, GB · UKE42, GB

Categories

Property management services of real estate on a fee or contract basis 70330000Non-residential property services 70332000Building and facilities management services 79993000Facilities management services 79993100

Lot details

Lot 1

No lot description published.

Statusplanning
Contract periodFrom 1 Jan 2027 to 1 Jan 2030
SME suitabilitySuitable for SMEs

What is included

ItemCategoryQuantity
1Property management services of real estate on a fee or contract basis, Non-residential property services, Facilities management services, Building and facilities management servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 70. The category anchor is Property management services of real estate on a fee or contract basis (70330000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 701,0583 median · 45.6 average (312 of 1,058 with a bid count)3.9 average (368 of 1,058 with named award suppliers)Not published
Same buyer2Not publishedNot publishedNot published
Delivery region: UKE614 median · 67.2 average (13 of 61 with a bid count)9 average (23 of 61 with named award suppliers)Not published
Similar published value (0.5×–2×)722 median · 5.5 average (4 of 72 with a bid count)1.8 average (4 of 72 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeutilities
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetValue not published
No-engagement rationaleNot published
Planning documents1
Planning milestones1
MilestoneTypeDueStatus
The Preliminary Market Engagement (PME) will be conducted through a structured questionnaire issued as part of the Market Engagement documentation. Interested organisations are invited to review the Market Engagement documentation and complete the Market Engagement Response Template (Annex A), providing responses to the questions set out within the document. The Market Engagement documentation can be accessed via Network Rail’s sourcing platform (Bravo): https://networkrail.bravosolution.co.uk/web/login.html To access the documents, select “View Current Opportunities” and locate the opportunity titled “Princes Exchange – Estate Management and Managing Agent Services”. There is no requirement to register or log in to access the documents. Completed responses should be submitted via email to the contact address provided within the Market Engagement documentation by 06th May 2026. Any clarification questions should be submitted via the contact email address detailed within the documentation. Responses will be recorded in an anonymised clarification log and published via updates to the opportunity listing and associated documents on the Bravo platform. Interested organisations are responsible for reviewing the opportunity listing for any updates. No supplier briefing events are currently planned as part of this engagement. Participation in this engagement is voluntary and is for information-gathering purposes only. It will not form part of any future procurement process.engagement6 May 2026scheduled

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-0687e8
Latest release ID036338-2026
Latest release timestampTue Apr 21 2026 16:34:18 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusplanning
Procurement methodNot published
Procurement method detailsNot published
Main procurement categoryservices
Above thresholdYes
Legal basis2023/54
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender value£650,000
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release1

Notice history

DateEventReference
21 Apr 2026planning036338-2026

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "036338-2026",
  "tag": [
    "planning"
  ],
  "date": "2026-04-21T17:34:18+01:00",
  "ocid": "ocds-h6vhtk-0687e8",
  "buyer": {
    "id": "GB-PPON-PNZN-9524-VCQJ",
    "name": "NETWORK RAIL INFRASTRUCTURE LIMITED"
  },
  "tender": {
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    "lots": [
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        },
        "contractPeriod": {
          "endDate": "2030-01-01T23:59:59+00:00",
          "startDate": "2027-01-01T00:00:00+00:00",
          "maxExtentDate": "2032-01-01T23:59:59+00:00"
        }
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    ],
    "items": [
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        "additionalClassifications": [
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          {
            "id": "79993100",
            "scheme": "CPV",
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          {
            "id": "79993000",
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        ]
      }
    ],
    "title": "Princes Exchange, Leeds – Managing Agent & Estate Management Services",
    "value": {
      "amount": 650000,
      "currency": "GBP",
      "amountGross": 780000
    },
    "status": "planning",
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "Network Rail Infrastructure Limited is undertaking a Preliminary Market Engagement (PME) to inform a potential future procurement for the provision of estate management and managing agent services at Princes Exchange, Leeds.\nPrinces Exchange is a multi-tenanted, Grade A commercial office building currently undergoing refurbishment and, on completion, is expected to provide approximately 94,000 sq. ft. of modern office accommodation across multiple floors. The building will comprise a mix of rail occupier space and commercial office accommodation, supported by shared amenities including reception, business lounge and café facilities.\nThrough this PME, Network Rail is seeking to engage with the supply market to better understand market capability, delivery models and commercial approaches for managing agent and estate management services within a comparable multi-tenant commercial office environment.\nThe potential scope of services may include, but is not limited to:\n• Property and estate management services\n• Tenant and occupier engagement and relationship management\n• Facilities management coordination, including oversight of hard and soft FM services delivered by third-party providers\n• Supplier and contract management, including management of third-party service providers\n• Service charge administration, budgeting and financial reporting\n• Health, safety and statutory compliance management\n• Performance monitoring, reporting and governance\nThe appointed managing agent (subject to any future procurement) would be expected to act on behalf of Network Rail in delivering the day-to-day operational management of the building, ensuring it is managed safely, efficiently and in compliance with all relevant statutory and regulatory requirements, while delivering a high-quality occupier experience.\nThe services relate to the provision of managing agent and estate management functions. Delivery of operational facilities management services (including, but not limited to, cleaning, security, maintenance and utilities) is not expected to form part of the managing agent contract and may be procured separately.\nNetwork Rail is seeking feedback from the market on:\n• Typical delivery models and organisational structures for services of this nature\n• Allocation of responsibilities between managing agents and specialist subcontractors\n• Commercial models, pricing structures and value-for-money considerations\n• Innovation, digital solutions and opportunities to enhance occupier experience\n• Market capacity and appetite to deliver services of this scale and specification\n• Key risks, challenges and opportunities associated with delivering these services\nThis Preliminary Market Engagement is being conducted for information-gathering purposes only. It does not constitute a call for competition, a procurement, or any commitment by Network Rail to undertake a procurement exercise.\nNetwork Rail has not yet determined the final route to market and may consider a range of compliant procurement approaches in accordance with the Procurement Act 2023 and internal governance requirements.\nParticipation in this PME will not confer any advantage or disadvantage in any subsequent procurement process.",
    "communication": {
      "futureNoticeDate": "2026-05-30T23:59:59+01:00"
    },
    "specialRegime": [
      "utilities"
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    "aboveThreshold": true,
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-PPON-PNZN-9524-VCQJ",
      "name": "NETWORK RAIL INFRASTRUCTURE LIMITED",
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      "address": {
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        "country": "GB",
        "locality": "London",
        "postalCode": "SE1 8SW",
        "countryName": "United Kingdom",
        "streetAddress": "Waterloo General Office"
      },
      "details": {
        "url": "https://www.networkrail.co.uk/",
        "classifications": [
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            "scheme": "UK_CA_TYPE",
            "description": "Public authority - central government"
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      },
      "identifier": {
        "id": "PNZN-9524-VCQJ",
        "scheme": "GB-PPON"
      },
      "contactPoint": {
        "name": "Premachandran Gopinath",
        "email": "premachandran.gopinath@networkrail.co.uk",
        "telephone": "+44 7444 054 145"
      }
    }
  ],
  "language": "en",
  "planning": {
    "documents": [
      {
        "id": "036338-2026",
        "url": "https://www.find-tender.service.gov.uk/Notice/036338-2026",
        "format": "text/html",
        "noticeType": "UK2",
        "description": "Preliminary market engagement notice on Find a Tender",
        "documentType": "marketEngagementNotice",
        "datePublished": "2026-04-21T17:34:18+01:00"
      }
    ],
    "milestones": [
      {
        "id": "engagement",
        "type": "engagement",
        "status": "scheduled",
        "dueDate": "2026-05-06T23:59:59+01:00",
        "description": "The Preliminary Market Engagement (PME) will be conducted through a structured questionnaire issued as part of the Market Engagement documentation. Interested organisations are invited to review the Market Engagement documentation and complete the Market Engagement Response Template (Annex A), providing responses to the questions set out within the document.\nThe Market Engagement documentation can be accessed via Network Rail’s sourcing platform (Bravo): https://networkrail.bravosolution.co.uk/web/login.html\nTo access the documents, select “View Current Opportunities” and locate the opportunity titled “Princes Exchange – Estate Management and Managing Agent Services”.\nThere is no requirement to register or log in to access the documents.\nCompleted responses should be submitted via email to the contact address provided within the Market Engagement documentation by 06th May 2026.\nAny clarification questions should be submitted via the contact email address detailed within the documentation. Responses will be recorded in an anonymised clarification log and published via updates to the opportunity listing and associated documents on the Bravo platform. Interested organisations are responsible for reviewing the opportunity listing for any updates.\nNo supplier briefing events are currently planned as part of this engagement.\nParticipation in this engagement is voluntary and is for information-gathering purposes only. It will not form part of any future procurement process."
      }
    ]
  },
  "initiationType": "tender"
}
Complete JSON history (1 releases)
21 Apr 2026 · 036338-2026 · planning
{
  "id": "036338-2026",
  "tag": [
    "planning"
  ],
  "date": "2026-04-21T17:34:18+01:00",
  "ocid": "ocds-h6vhtk-0687e8",
  "buyer": {
    "id": "GB-PPON-PNZN-9524-VCQJ",
    "name": "NETWORK RAIL INFRASTRUCTURE LIMITED"
  },
  "tender": {
    "id": "Project_45918",
    "lots": [
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        },
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    "items": [
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          {
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            "countryName": "United Kingdom"
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        ],
        "additionalClassifications": [
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            "id": "70330000",
            "scheme": "CPV",
            "description": "Property management services of real estate on a fee or contract basis"
          },
          {
            "id": "70332000",
            "scheme": "CPV",
            "description": "Non-residential property services"
          },
          {
            "id": "79993100",
            "scheme": "CPV",
            "description": "Facilities management services"
          },
          {
            "id": "79993000",
            "scheme": "CPV",
            "description": "Building and facilities management services"
          }
        ]
      }
    ],
    "title": "Princes Exchange, Leeds – Managing Agent & Estate Management Services",
    "value": {
      "amount": 650000,
      "currency": "GBP",
      "amountGross": 780000
    },
    "status": "planning",
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
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    },
    "description": "Network Rail Infrastructure Limited is undertaking a Preliminary Market Engagement (PME) to inform a potential future procurement for the provision of estate management and managing agent services at Princes Exchange, Leeds.\nPrinces Exchange is a multi-tenanted, Grade A commercial office building currently undergoing refurbishment and, on completion, is expected to provide approximately 94,000 sq. ft. of modern office accommodation across multiple floors. The building will comprise a mix of rail occupier space and commercial office accommodation, supported by shared amenities including reception, business lounge and café facilities.\nThrough this PME, Network Rail is seeking to engage with the supply market to better understand market capability, delivery models and commercial approaches for managing agent and estate management services within a comparable multi-tenant commercial office environment.\nThe potential scope of services may include, but is not limited to:\n• Property and estate management services\n• Tenant and occupier engagement and relationship management\n• Facilities management coordination, including oversight of hard and soft FM services delivered by third-party providers\n• Supplier and contract management, including management of third-party service providers\n• Service charge administration, budgeting and financial reporting\n• Health, safety and statutory compliance management\n• Performance monitoring, reporting and governance\nThe appointed managing agent (subject to any future procurement) would be expected to act on behalf of Network Rail in delivering the day-to-day operational management of the building, ensuring it is managed safely, efficiently and in compliance with all relevant statutory and regulatory requirements, while delivering a high-quality occupier experience.\nThe services relate to the provision of managing agent and estate management functions. Delivery of operational facilities management services (including, but not limited to, cleaning, security, maintenance and utilities) is not expected to form part of the managing agent contract and may be procured separately.\nNetwork Rail is seeking feedback from the market on:\n• Typical delivery models and organisational structures for services of this nature\n• Allocation of responsibilities between managing agents and specialist subcontractors\n• Commercial models, pricing structures and value-for-money considerations\n• Innovation, digital solutions and opportunities to enhance occupier experience\n• Market capacity and appetite to deliver services of this scale and specification\n• Key risks, challenges and opportunities associated with delivering these services\nThis Preliminary Market Engagement is being conducted for information-gathering purposes only. It does not constitute a call for competition, a procurement, or any commitment by Network Rail to undertake a procurement exercise.\nNetwork Rail has not yet determined the final route to market and may consider a range of compliant procurement approaches in accordance with the Procurement Act 2023 and internal governance requirements.\nParticipation in this PME will not confer any advantage or disadvantage in any subsequent procurement process.",
    "communication": {
      "futureNoticeDate": "2026-05-30T23:59:59+01:00"
    },
    "specialRegime": [
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    "aboveThreshold": true,
    "mainProcurementCategory": "services"
  },
  "parties": [
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      "id": "GB-PPON-PNZN-9524-VCQJ",
      "name": "NETWORK RAIL INFRASTRUCTURE LIMITED",
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        "buyer"
      ],
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        "country": "GB",
        "locality": "London",
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        "countryName": "United Kingdom",
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      },
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        "id": "PNZN-9524-VCQJ",
        "scheme": "GB-PPON"
      },
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        "name": "Premachandran Gopinath",
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        "id": "036338-2026",
        "url": "https://www.find-tender.service.gov.uk/Notice/036338-2026",
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        "noticeType": "UK2",
        "description": "Preliminary market engagement notice on Find a Tender",
        "documentType": "marketEngagementNotice",
        "datePublished": "2026-04-21T17:34:18+01:00"
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    "milestones": [
      {
        "id": "engagement",
        "type": "engagement",
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        "dueDate": "2026-05-06T23:59:59+01:00",
        "description": "The Preliminary Market Engagement (PME) will be conducted through a structured questionnaire issued as part of the Market Engagement documentation. Interested organisations are invited to review the Market Engagement documentation and complete the Market Engagement Response Template (Annex A), providing responses to the questions set out within the document.\nThe Market Engagement documentation can be accessed via Network Rail’s sourcing platform (Bravo): https://networkrail.bravosolution.co.uk/web/login.html\nTo access the documents, select “View Current Opportunities” and locate the opportunity titled “Princes Exchange – Estate Management and Managing Agent Services”.\nThere is no requirement to register or log in to access the documents.\nCompleted responses should be submitted via email to the contact address provided within the Market Engagement documentation by 06th May 2026.\nAny clarification questions should be submitted via the contact email address detailed within the documentation. Responses will be recorded in an anonymised clarification log and published via updates to the opportunity listing and associated documents on the Bravo platform. Interested organisations are responsible for reviewing the opportunity listing for any updates.\nNo supplier briefing events are currently planned as part of this engagement.\nParticipation in this engagement is voluntary and is for information-gathering purposes only. It will not form part of any future procurement process."
      }
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}