Managing Agents Services 2026: Commercial, Rural & Forestry

Overview

Lots (6)

• Commercial Property

  This lot comprises the following commercial properties: 39-41 George Street, Edinburgh - the asset comprises a ground and basement retail unit and four floors of office suites within a B-listed building, including basement car parking and cycle storage, lifts and on-street entrance lobby with concierge facility. Property management of one retail lease, plus 5 office suites leases (1 vacant), one sub-station lease. Facilities management and management of service charges. 2 Cartsburn Street, Greenock - a new build development (2024) consisting of a Food & Beverage Drive Thru, 7 twin EV charging stations and small sub-station. Property management of three tenants and three FRI leases and associated grounds maintenance and any service charges. 23-27 Dunedin Street, Edinburgh – three industrial units used as an indoor climbing wall and gym/fitness facilities.  Property management of two tenants and three FRI leases and any service charges. Stoneyetts Drive, Woodilee, Lenzie – a new purpose-built nursery opened in 2025. Property management of one FRI lease. This portfolio will encompass any additional acquisitions made during the contract period and may be adjusted to reflect any asset disposals. The service to be provided includes the full suite asset management of a diverse commercial property portfolio to maximise returns whilst minimising risk and liability. This would involve but not limited to letting advisory, oversight of buildings, communications with tenants and other stakeholders, day-to-day management of the FM providers, and appointing contractors for maintenance to ensure compliance with health & safety laws. Please refer to Schedule 1 of the Services Contract for further information. Please see ITT document and Services Contract for further details

  £383,000Won by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTDWon by ESR Europe PM LTD

• Rural North including Montrsoe

  The Purchaser is seeking to appoint Service Providers to manage its Rural property portfolio in Scotland. The current Scottish Rural portfolio consists of four estates, Fochabers and Glenlivet in Moray, Whitehill in Midlothian and Applegirth in Dumfries and Galloway. Lots 2 comprises of Fochabers and Glenlivet Estates, and may also include an area of more recently acquired development land at Montrose (50 ha,123 acres). Please refer to Schedule 1 of the Services Contract for further information.. Please see ITT document and Services Contract for further details

  £9,616,412

• Rural South

  The Purchaser is seeking to appoint Service Providers to manage its Rural property portfolio in Scotland. The current Scottish Rural portfolio extends to four estates, Fochabers and Glenlivet in Moray, Whitehill in Midlothian and Applegirth in Dumfries and Galloway. Lot 3 consists of Whitehill and Applegirth Estates.. Please see ITT document and Services Contract for further details

  £4,563,000

• Rural North and Rural South ( including Montrose)

  The Purchaser is seeking to appoint Service Providers to manage its Rural property portfolio in Scotland which has a property asset value of c. 100m GBP with an approximate rent roll of c.2.7m GBP(March 2024). The current Scottish Rural portfolio extends to approximately 35,324 ha (87,287 acres) and consists of c. 642 agreements across four estates, Fochabers and Glenlivet in Moray, Whitehill in Midlothian and Applegirth in Dumfries and Galloway. Lot 2 and therefore 4 includes an area of more recently acquired development land at Montrose (50 ha,123 acres). Lot 4 will be awarded instead of Lots 2 and 3 should it offer the Best Value solution.. Please see ITT document and Services Contract for further details

  £14,179,412Won by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by BidwellsWon by Bidwells

• Forestry - North

  £244,000

• Forestry - South

  £367,000Won by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) LtdWon by Savills (UK) Ltd

Award outcome

Awarded value

£11,421,900

Award date

10 August 2026

Contract period

— → 3 May 2031

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