Tender

3 mills studios future operator- sublease opportunity

LONDON LEGACY DEVELOPMENT CORPORATION LIMITED (LLDC)

This public procurement record has 1 release in its history.

Tender

14 Jun 2023 at 13:55

Summary of the contracting process

The London Legacy Development Corporation Limited (LLDC) is offering a sublease opportunity for their long leasehold interest in 3 Mills Studios in London. The procurement involves finding a single business experienced in operating film studios to manage the site for a minimum of 10 years. The contract value is £16,000,000 GBP, with a selective procurement method and a tender deadline of 14th July 2023. The contract period starts on 14th December 2023 and ends on 14th December 2033 in the services category for entertainment film production.

This tender presents an opportunity for businesses with expertise in film production and studio operations to expand their portfolio. Companies well-versed in managing film studios and asset maintenance are encouraged to apply. The opportunity is suited for businesses looking to secure a long-term contract and establish a presence in the film and media industry, particularly those with experience in large-scale operations and asset management.

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Notice Title

3 mills studios future operator- sublease opportunity

Notice Description

The LLDC are seeking to dispose of their long leasehold interest in 3 Mills Studios by way of sublease agreement for a minimum of 10 years. LLDC have nurtured and supported the film and media sectors for many years and are now looking for a single business with significant experience of successfully operating a film studio to protect the film and studio use of the 3 Mills site, to take on the on- going asset management for the entire site and maintain rental income to LLDC at a rent in line with (or above) the current net operating position.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d86d599e-c5c7-4055-8849-f37a81b898c6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/feb57827-da25-4338-b1c4-07d797568eb9
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

92 - Recreational, cultural and sporting services


CPV Codes

92111310 - Entertainment film production

Notice Value(s)

Tender Value
£16,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20232 years ago
Submission Deadline
14 Jul 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 Dec 2023 - 14 Dec 2033 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON LEGACY DEVELOPMENT CORPORATION LIMITED (LLDC)
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 1JN
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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