This is a contract result notice, not an open opportunity. Details from the official award data.

'The Highland Council (the Council) is the Administering Authority for the Highland Council Pension Fund (the Fund), a Local Government Pension Scheme (LGPS).

The Authority is inviting tenders for the service of a Commercial Real Estate Debt Investment Manager.

Following a review of the Fund's investment strategy, the Council wish to appoint a Commercial Real Estate Debt Investment Manager to manage a commitment to commercial real estate loans to increase diversification within the Fund's portfolio and aim to achieve attractive risk-adjusted returns.

The Council's preference is to invest in a pooled fund product that invests only in, or primarily in, whole loans.

However, pooled fund products which invest primarily in whole loans but also in mezzanine debt will also be considered, although the investment manager will need to be able to demonstrate that the focus of their strategy is to invest in whole loans.

The mandate will be restricted to funds which provide loans on properties situated in the UK and Europe (excluding Eastern and peripheral Europe), although the Council has a preference for a fund that is restricted to, or focuses on, UK based lending opportunities.

It is the Council's intention to appoint a single investment manager to manage a commitment of around 55 million GBP to this mandate.

Note: The buyer is using PCS-Tender to carry out this procurement process.

Please note this is a separate website and if you are not already registered, registration will be required.

To access PCS-Tender, record your interest in this notice and access the tender documentation please visit https://www.publictendersscotland.publiccontractsscotland.gov.uk and search for project Code 3358 under s Open to All Suppliers.

Please use the Search/Filter function, then select Project Code from the drop-down.

Please note that once you have expressed interest in the it will move to your My s area.

For further information on using PCS-Tender, please read the Supplier Response Guide: https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/supplierhelppage/PCS-TSupplierResponseGuide.pdf If you have already registered on Public Contracts Scotland and PCS-Tender and paired your accounts you can access PCS-Tender through your Public Contracts Scotland Control Panel.'