Award

Contracts Finder Award HS2 Ltd - Euston Station - Over Site Development (OSD) Master Development Partner (MDP)

HS2

This public procurement record has 2 releases in its history.

Award

28 Mar 2018 at 12:46

Award Notice
Tender

13 Apr 2017 at 12:45

Tender Notice
Summary of the contracting process

The procurement process involves HS2 Ltd, in collaboration with the Secretary of State for Transport and Network Rail, to appoint a Master Development Partner (MDP) for the Euston Over Site Development (OSD) project, focusing on substantial regeneration at Euston Station in London. The procurement, classified under real estate services, is currently in the Award stage, with the contract awarded on 15 March 2018, and a total contract value of £4 billion set to last for 25 years, extendable up to 40 years. The relevant tender period closed on 17 May 2017.

This tender presents significant opportunities for businesses specialising in urban development, real estate services, and construction management, particularly those experienced in large-scale projects. With a focus on creating a high-quality mixed-use development, firms that can integrate planning, financing, and management solutions will find this a suitable avenue for growth. The project aims to enhance economic and social benefits in the local and national context, making it a prime prospect for businesses looking to expand their footprint in regeneration initiatives.

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Notice Information

Notice Title

Contracts Finder Award HS2 Ltd - Euston Station - Over Site Development (OSD) Master Development Partner (MDP)

Notice Description

The Secretary of State for Transport (SoS) is delivering a new terminus station for High Speed 2 at Euston Station. Network Rail (NR) are owners of the adjacent "Conventional Station" and surrounding lands. SoS and NR have brought together their land holdings at Euston, creating an estate capable of accommodating significant commercial and residential development and have prepared a Masterplan to quantify the development potential of the Euston Estate. SoS and NR (together, the Contracting Authorities) have entered into a Collaboration Agreement to effectively pool their respective ownerships in the public interest and also to streamline decision making between the Contracting Authorities. The Overarching Objectives of the Contracting Authorities are to: deliver a high quality mixed use development of the Euston Estate, create significant economic and social benefits for the local, regional and national economy and maximise financial returns from a development of the Euston Estate. The Contracting Authorities have jointly procured an MDP to support the delivery of the Overarching Objectives. The Contracting Authorities have entered into a Contract with the MDP (the Development Agreement and ancillary agreements) to govern the terms of the development of the Euston Estate. The terms of the Contract are designed to secure the delivery of the Overarching Objectives and other key deliverables, broadly covering the following stages: Stage 1 - Masterplanning and Stations Interface, Stage 2 - Outline Planning Application, Stage 3 - Plot Progress, Stage 4 - Estate Management. The Contract together with an agreed form of Business Plan embodies the agreed deliverables and will together be the key documents for judging the performance of the MDP, and contains performance criteria against which the MDP will be measured across the life of the scheme. It is envisaged that the Contract will extend for a period of 25 years unless terminated earlier in specified circumstances, and it may be extended by agreement between the parties (up to a total duration of 40 years).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c0efa464-ce58-44b9-a698-47d4cf95c242
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e66de976-2470-441b-8fdc-4d84c8395795
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialog
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£4,000,000,000 £1B-£10B
Contracts Value
Not specified

Notice Dates

Publication Date
28 Mar 20187 years ago
Submission Deadline
17 May 2017Expired
Future Notice Date
Not specified
Award Date
15 Mar 20187 years ago
Contract Period
15 Mar 2018 - 14 Mar 2043 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HS2
Contact Name
Secretary of State for Transport (SoS) and Network Rail Infrastr
Contact Email
scc@hs2.org.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 6GA
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLI London
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

LENDLEASE EUROPE HOLDINGS

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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