Tender

Tender for the role of development partner for developing a residential led development with under a 250 year lease across three council owned sites adjacent to Larkhall Park.

LONDON BOROUGH OF LAMBETH

This public procurement record has 1 release in its history.

Tender

25 Mar 2018 at 16:30

Tender Notice
Summary of the contracting process

The London Borough of Lambeth is seeking a development partner for a residential-led project adjacent to Larkhall Park, with a total estimated contract value of £4,950,000. This tender is currently in the 'Tender' stage, with submissions due by 23rd April 2018. The project involves transforming three underutilised council-owned sites into high-quality residential units, incorporating a significant portion of affordable housing (50% onsite). The procurement will follow a restricted procedure and is classified under real estate services, with the development period set to commence on 20th August 2018 and run for two years.

This opportunity presents significant growth prospects for businesses specialising in real estate development, affordable housing, and community engagement, particularly those with a capability to design and execute residential projects that meet local planning requirements. Companies that can provide flexible business or community spaces, and demonstrate a commitment to enhancing local environments, will find themselves well-suited to compete. Engagement with key stakeholders, such as the Friends of Larkhall Park, will be critical for success, making this a prime opportunity for firms experienced in collaborative community development projects.

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Notice Information

Notice Title

Tender for the role of development partner for developing a residential led development with under a 250 year lease across three council owned sites adjacent to Larkhall Park.

Notice Description

The three sites next to Larkhall Park are currently underutilised and have been identified as an opportunity to deliver a high quality residential led development to include a policy compliant level (50% onsite with 70% Social Rent 30% Intermediate Rent split) of affordable housing. An appropriate quantum of commercial use in the form of flexible business/community floor space is also required to help offset the loss of existing business and community uses on Site 1 and Site 3 respectively. A high quality development is critical to improve the local environment and in particular offer an opportunity to enhance the settings of the adjacent park and heritage assets next to Site 2. In that regard the Friends of Larkhall Park are a very important stakeholder that the selected development partner must proactively engage with during the planning phase. The concept design that accompanies the ITT has been positively tested with the Local Planning Authority and therefore assists with some parameter setting for prospective tenderers. However, the Council has not set an upper limit on the number of residential units to be provided across the sites and will be assessing the urban design principles which inform the developer's design proposals including height, massing and density. It is anticipated that the three sites will come forward as a single planning application unless it can be demonstrated that this will be prejudicial to delivery or programme. The Council does not have a specific occupational/operational requirement for the commercial floor space and will not be looking to take an occupational interest in it. However, the Council will require an Option in the Development Agreement to acquire the entire floor space, or part thereof, from the successful bidder at a price in line with the value attributed to it within the Tenderer's bid.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-44db5b08-93fa-432d-a404-510d980cd7ca
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c5bf442b-f9e2-459e-b4d6-ef930c433a45
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

70122000 - Land sale or purchase services

Notice Value(s)

Tender Value
£4,950,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20187 years ago
Submission Deadline
23 Apr 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
19 Aug 2018 - 20 Aug 2020 2-3 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
LONDON BOROUGH OF LAMBETH
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW8 2LL
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI45 Lambeth
Delivery Location
TLI London
Local Authority
Lambeth
Electoral Ward
Vauxhall
Westminster Constituency
Vauxhall and Camberwell Green

Further Information

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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