Tender

Stratford Waterfront and Bridgewater Residential Joint Venture Development Partner

LONDON LEGACY DEVELOPMENT CORPORATION

This public procurement record has 1 release in its history.

Tender

13 Oct 2020 at 07:18

Tender Notice
Summary of the contracting process

The London Legacy Development Corporation is seeking a development partner for its project titled "Stratford Waterfront and Bridgewater Residential Joint Venture Development Partner." This tender is focused on urban development construction work, located in London, United Kingdom. The procurement is currently in the tender stage, with the closing date set for 19th November 2020. The initial value of this opportunity is approximately £700 million, with additional potential values linked to further developments in the area.

This tender presents significant opportunities for real estate development companies, construction firms, and joint ventures interested in large-scale urban projects. The chosen partner will be instrumental in delivering around 1,200 homes, creating a considerable impact on local housing availability. Businesses that are well-suited to compete for this contract should have experience in urban development projects and capability in managing substantial joint ventures, particularly in the context of long-term leasehold arrangements.

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Notice Information

Notice Title

Stratford Waterfront and Bridgewater Residential Joint Venture Development Partner

Notice Description

London Legacy Development Corporation ('LLDC') is seeking to appoint a development partner to form a corporate joint venture ("JV"). The JV shall deliver the Stratford Waterfront and Bridgewater residential developments ('the Sites') pursuant to a development agreement with LLDC ("DA"). The DA shall provide for the ultimate grant of a 250 year leasehold interest to the JV for the Sites. The Sites have the potential to deliver in the region of 1,200 homes. The initial value of this concession opportunity is approx. PS700m. This opportunity may also include the balance of Planning Development Zone 8, the Pudding Mill Lane site and Planning Development Zone 12, the Rick Roberts Way site both identified in the Legacy Communities Scheme and under the control of LLDC, the total estimated development value for the additional site is PS750m.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9bf80d5c-6f3a-4097-ac51-90cb7789f5ed
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/37a440ec-ba59-48d6-b315-e4b74820f4f4
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45211360 - Urban development construction work

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
13 Oct 20205 years ago
Submission Deadline
19 Nov 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Dec 2021 - 2 Dec 2041 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
LONDON LEGACY DEVELOPMENT CORPORATION
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
E20 1EJ
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

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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