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Joint Venture for the Alton Estate Regeneration

Wandsworth Borough Council

This public procurement record has 1 release in its history.

Tender

11 Mar 2022 at 18:15

Tender Notice
Summary of the contracting process

Wandsworth Borough Council is currently seeking to establish a 50:50 joint venture with a private sector partner for the regeneration of the Alton Estate in Roehampton, SW15. This tender, titled "Joint Venture for the Alton Estate Regeneration", falls under the construction work category and has an estimated value of £700 million. The procurement process is in the planning stage, with key dates including the end of the tender period on 14 April 2022 and the second stage invitation scheduled for 17 May 2022. The council intends to shortlist candidates based on responses to the Selection Questionnaire, with a minimum of three candidates expected to participate in the next phase of competitive dialogue.

This tender presents a significant opportunity for businesses, particularly those involved in large-scale mixed-use development, estate renewal, and construction services. Firms capable of providing development management, construction expertise, or financial backing are well-suited to compete for this project. By engaging in this joint venture, companies can not only contribute to the creation of over 1,100 new homes but also expand their portfolio within the large-scale regeneration sector, offering potential long-term growth through future developments within the estate.

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Notice Information

Notice Title

Joint Venture for the Alton Estate Regeneration

Notice Description

Wandsworth Borough Council is seeking establish a 50:50 joint venture (JV) with a private sector partner (PSP) in relation to the regeneration of the Alton Estate, Roehampton SW15. In order to realise this ambition, the Council is seeking to procure the PSP with whom to establish the JV development vehicle, specifically to redevelop multiple sites within the Alton West and Alton East Estates. The Development Site totals circa 12.5 hectares (30.94 acres), and benefits from a hybrid planning consent permitting the development of 1,108 new and replacement high quality homes alongside a range of community, leisure and commercial uses. The Council may elect as its absolute discretion to bring future sites within Alton East & West and Clarence Lane estate into the JV for development (Future Sites). Please refer to the draft procurement documents being released at this stage (specifically the Draft Invitation to Participate in Dialogue) for more information.

Lot Information

Lot 1

The Council is seeking to procure a PSP in order to establish an incorporated 50:50 JV for the redevelopment of multiple sites within the Alton West and Alton East Estates located immediately to the east of Richmond Park in South-West London. Together these areas total circa 12.5 hectares (30.94 acres) and benefit from a hybrid planning consent permitting the development of 1,108 new and replacement high quality homes alongside a range of non-residential uses. The Council anticipates discussing with bidders during dialogue opportunities to enhance the permission. The PSP should be suitably qualified and experienced in delivering large scale mixed-use developments within an estate renewal context and be prepared to undertake a number of roles and responsibilities in order to achieve the successful regeneration of the Alton Estate in accordance with the Council's objectives. The Council will contribute land into the JV on a phased basis under a 250 year lease and may provide funding via loans or equity contributions. It is expected that the PSP will also provide working capital required to cover construction and development costs. To support the regeneration, it is expected that the PSP will provide services to the JV which may include (but are not limited to) development management services to the JV and construction services, and will be expected to work effectively with a range of stakeholders in delivering the required services. The estimated contract value of this opportunity is PS700,000,000. This figure is based on the estimated gross development value for the Development Site (PS600,000,000) and a reasonable forecast for the Future Sites that may be delivered by the JV during the contract term (PS100,000,000). Further details of this opportunity are set out in the procurement documents. Please see Section VI.3. Additional information: The procurement will be conducted in accordance with the Public Contracts Regulations 2015 as amended, and successor legislation which may follow, using the competitive dialogue procedure as set out in Regulation 30 of the Public Contracts Regulations 2015.

Options: Please refer to II.2.7.

Renewal: The Council anticipates discussing with bidders during dialogue the possibility of being granted option(s) to extend the contract period in a number of periods, up to an overall extension of 10 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03210a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006768-2022
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Selective
Procurement Method Details
Competitive dialogue
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45000000 - Construction work

Notice Value(s)

Tender Value
£700,000,000 £100M-£1B
Lots Value
£700,000,000 £100M-£1B
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Mar 20224 years ago
Submission Deadline
14 Apr 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Wandsworth Borough Council
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
SW18 2PU
Postcode Area
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI34 Wandsworth
Delivery Location
TLI34 Wandsworth
Local Authority
Wandsworth
Electoral Ward
Wandsworth Town
Westminster Constituency
Putney

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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