Tender: Retail Estate Management Services for 16 Stations – First Rail Holdings / First Trenitalia West Coast Rail

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First Rail Holdings, on behalf of First Trenitalia West Coast Rail, is seeking a supplier for retail estate management services to drive higher rental income by increasing the rent roll and delivering customer service improvements through capital and tenant investment. The estate comprises 16 directly managed stations and includes all property within the leases, such as station buildings, car parks and other land and property, with a broad mix of retail, office, residential, community and other commercial tenancies held on a mixture of leases and licences; management of station car parking and commercial advertising is excluded. The new contract is for an initial three-year term with an option to extend for a further year; the estate currently generates approximately £4.7m in rental income and the estimated contract value for a full four-year term is around £1,100,000. TUPE applies to this procurement and the successful supplier will be required to enter an Umbrella Direct Agreement (UDA) with the Secretary of State.