Tender

Havering Estate Regeneration Partner - Property/Asset JV Company

ONESOURCE

This public procurement record has 1 release in its history.

Tender

17 May 2017 at 08:55

Tender Notice
Summary of the contracting process

The oneSource, acting on behalf of the London Borough of Havering, is currently seeking a partner for the "Havering Estate Regeneration Partner - Property/Asset JV Company" project. This initiative falls under the works category, specifically focused on the development of residential real estate. It aims to establish a long-term corporate joint venture to oversee the regeneration of twelve sites across the borough, potentially constructing approximately 3,000 new homes. The tender period closes on 13th June 2017, and the contract's commencement is scheduled for 1st February 2018, lasting up to 31st January 2048 with options for further extensions. The estimated value of the project is between £650 million and £800 million, depending on the development outcomes.

This procurement presents significant opportunities for construction and development firms that specialise in residential projects, particularly those experienced in joint venture partnerships. Businesses with expertise in urban planning, environmental consultancy, architectural design, and various construction services will find this tender highly relevant. Additionally, companies that can navigate social and environmental policy objectives may be particularly well-suited, as the project includes expectations for recruitment, training, and sustainable supply-chain initiatives. This is a prime opportunity for firms looking to expand their footprint in the housing development sector within the London area.

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Notice Information

Notice Title

Havering Estate Regeneration Partner - Property/Asset JV Company

Notice Description

The Council is seeking to appoint a partner to form a long term corporate joint venture property vehicle (on a 50:50 ownership basis) to secure investment and expertise to deliver Havering's housing led regeneration strategy. The initial programme is anticipated to involve 12 sites across the borough delivering in the region of 3000 new homes. The scheme will involve opportunities for development sales in partnership with the Council. The housing led development of sites may also involve a degree of mixed-use development including, but not limited to office, commercial, leisure, retail, community and public realm space being delivered ancillary to the residential focus and as part of the overall complex. The duration of the JV will be for 15 years with options to extend for further periods totalling up to 15 years. The Concession Notice for this project can be found at http://ted.europa.eu/udl?uri=TED:NOTICE:185114-2017:TEXT:EN:HTML Additional information: The opportunity is a major regeneration and development project to deliver new housing in the London Borough of Havering. The opportunity will focus on Council owned sites throughout the borough (including but not limited to the initial 12 sites) and potentially other sites acquired by the Council (including through the JV) during joint venture period. The JV will focus on delivering housing within the borough for the commercial private sale sector, shared ownership and affordable housing. Estimated value range of the eventual procurement may be in the range of: PS650 million - PS800 million in relation to the initial twelve sites. The estimated value relates to the estimated gross development value in the market of the developed assets. Further information and details about the scope of the procurement are set out in the Memorandum of Information as part of the procurement documents available at https://www.capitalesourcing.com/web/login.shtml . The partner will be required to provide services including (but not limited to) master planning; strategic development consultancy advice; environmental consultancy advice; technical and building services; architectural design; urban design and landscaping; physical construction and development; land assembly; possible refurbishment of assets and marketing and disposal of development assets. The initial estates identified for regeneration are: Waterloo Estate; Queen Street; Napier House and New Plymouth House; Serena, Solar and Sunrise; Oldchurch Gardens; Maygreen Crescent, Park Lane; Dell Court; Royal Jubilee Court; Delderfield House; Brunswick Court; Chippenham Road, Farnham Road, Hilldene Avenue; and Delta TMO Estate with the first 4 sites prioritised for development. The partner may be required to actively participate in the achievement of help achieve social and/or environmental policy objectives relating to recruitment and, training and supply-chain initiatives. . Accordingly contract performance conditions may relate to these in particular to social and environmental considerations. The Concession Contracts Regulation 2016 (CCR 2016) applies to the award. The Council intends to follow a process similar to the Competitive Dialogue procedure in the Public Contracts Regulations 2015 (as amended) (PCR 2015). It reserves the right to deviate from the formalities of the PCR 2015 in conducting the competition due to the flexibilities permitted by the CCR 2016. Award criteria and further concession documents will be provided at the start of the competitive dialogue stages to bidders that are shortlisted to participate. Expressions of interest applications must be by way of completion and return of the selection questionnaire (SQ) (in accordance with the requirements set out in the SQ by the time limit set out in the Concession Notice (http://ted.europa.eu/udl?uri=TED:NOTICE:185114-2017:TEXT:EN:HTML). The SQ is available via https://www.capitalesourcing.com/web/login.shtml.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-01e8d48d-5688-4c18-91eb-28b2f68dd556
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e0bb9fbb-68fd-4f7b-b010-36f280707839
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Not Specified
Procurement Method Details
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70111000 - Development of residential real estate

Notice Value(s)

Tender Value
£800,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 May 20178 years ago
Submission Deadline
13 Jun 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Feb 2018 - 31 Jan 2048 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
ONESOURCE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ROMFORD
Postcode
RM1 3BD
Post Town
Romford
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI52 Barking & Dagenham and Havering
Delivery Location
TLI London
Local Authority
Havering
Electoral Ward
St Edward's
Westminster Constituency
Romford

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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