Infrastructure Ontario (IO) has issued a Request for Proposals (RFP) to three pre-qualified private sector companies to compete for the Next Generation Real Property Services contract in Canada.
The selected partner will support the government authority to deliver one of the largest real estate portfolios in Canada, comprising more than 4,400 buildings and 194,000 acres of land, effectively delivering services in over 350 communities across Ontario. The scope of the contract includes the delivery of day-to-day property management, asset renewal works, capital planning, smart building technology, occupancy planning, energy and environmental management, strategic sourcing and vendor management as well as lease administration.
The pre-qualified companies are as follows:
- CBRE Limited;
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Jones Lang LaSalle Real Estate Services Inc.;
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Cushman and Wakefield;
- Colliers International.
The teams were invited to respond to the RFP and will begin preparing proposals. Once submissions are received, IO and the Government of Ontario will evaluate the proposals, select a preferred team and negotiate a final contract. A successful bidder is expected to be announced in May 2023.
