Asset & Development Management Services, Charter Walk Shopping Centre, Burnley

Description

Burnley Borough Council is seeking to appoint an experienced asset and development management services company to provide advice on strategic direction and maximise the performance of the Council owned Charter Walk Shopping Centre in Burnley town centre. A property management provider is already in place managing the day-to-day operation at Charter Walk. An asset and development management services provider will be responsible for the diligent supervision of the performance by the property manager of its obligations under the property management agreement. A close working relationship and co-ordination between the asset & development management provider and the property management provider, as well as the council, will be necessary to meet the requirements of the council in relation to the strategic direction of Charter Walk. The council intends to invest in Charter Walk to maintain and generate income growth over a 30-year period. The objective is to align the assets with the future requirements of the local community by supporting the growth of vibrant and diverse independent tenants in conjunction with the larger national brands. Please see the Tender Brief and Invitation to Tender documents for further details. Lot 1: The proposed Contract period is expected to commence in May 2025. The initial contract period will be for 5 years with the option for 1 + 1 year extension at the council's discretion.