Notice Information
Notice Title
Minster Quarter Central, Reading | Development Opportunity
Notice Description
Development Partner Sought for Site of Huge Potential in Reading Town CentreReading Borough Council is seeking a development partner to deliver a best-in-class legacy development at Minster Quarter Central, centred around a sustainable, high-quality, mixed-use development with a unique character and sense of place that delivers growth, employment and regeneration at a key gateway to the thriving town centre.
Lot Information
Lot 1
Reading Borough Council ("RBC") is seeking a development partner to deliver a best-in-class legacy development at Minster Quarter Central, centred around a sustainable, high-quality, mixed-use development with a unique character and sense of place that delivers growth, employment and regeneration at a key gateway to the thriving town centre. There is an unprecedented opportunity to develop a 5.2 acre (2.1 hectare) site at one of the best located mixed use development opportunities in the UK with the potential to create a real landmark destination, minutes from the highly performing Oracle shopping centre. The site is situated at the heart of Reading's hugely attractive and busy town centre which acts as the region's main shopping destination, is a major transport hub in the south-east soon to benefit from the opening of the Elizabeth Line and boasting the regionally popular Hexagon Theatre. It is also located in an area due for significant investment and regeneration in the coming years with approximately 600 flats proposed on surrounding sites (not within RBC's ownership) as well as the potential for significant upgrades to the Hexagon Theatre in the next few years (subject to successful government funding bids). The ambition is to create a high quality residential-led development to enhance Reading as a destination of choice for high quality commercial and residential occupiers and visitors. Subject to planning, redevelopment proposals for Minster Quarter Central could include residential units providing a mix of private accommodation, Build To Rent and affordable housing, a 90 bed hotel, flexible working and conference facilities and outdoor performance space. Due to Reading's strategic location, excellent connectivity, highly skilled workforce and growing global appeal, the town provides an attractive proposition to develop a Build to Rent ("BTR") platform with the town characterised by affordable property prices, competitive rents and a thriving economy. The growth of BTR in key regional cities such as Reading has started to outpace London, with commuter belt towns offering more affordable space, a change in lifestyle and more outdoor space. This is particularly evident in Crossrail towns such as Reading, where due to increased levels of demand, house prices have seen significant growth since Crossrail's inception in 2009. In order to progress with the development, the Council is seeking to enter into a development agreement with the preferred development partner. The Council will be adopting Competitive Procedure by Negotiation as its preferred procurement process. The Council is looking for a development partner who can work with the Council to achieve its stated key objectives in respect of affordable housing, public realm and zero carbon as well as work in partnership with adjoining landowners to help realise the potential of the wider regeneration area. Interested parties are invited to attend the launch below and further details are available from Javid Patel - javid.patel@eddisons.com or Neil Houghton Neil.Houghton@eddisons.comA launch event will be held on 14 September at 10am at The Hexagon Theatre in Reading town centre where prospective bidders can find out more about the economic powerhouse that is Reading, the development opportunity and the Council's aspirations in respect of the site.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-0357fa
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/021017-2022
- Current Stage
- Planning
- All Stages
- Planning
Procurement Classification
- Notice Type
- Planning Notice
- Procurement Type
- Standard
- Procurement Category
- Works
- Procurement Method
- Not Specified
- Procurement Method Details
- Not specified
- Tender Suitability
- Not specified
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
45 - Construction work
71 - Architectural, construction, engineering and inspection services
-
- CPV Codes
45000000 - Construction work
71000000 - Architectural, construction, engineering and inspection services
Notice Value(s)
- Tender Value
- £200,000,000 £100M-£1B
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 1 Aug 20223 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- 18 Sep 2022Expired
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Planned
- Lots Status
- Planned
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- READING BOROUGH COUNCIL
- Contact Name
- Emma Gee
- Contact Email
- emma.gee@reading.gov.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- READING
- Postcode
- RG1 2LU
- Post Town
- Reading
- Country
- England
-
- Major Region (ITL 1)
- TLJ South East (England)
- Basic Region (ITL 2)
- TLJ1 Berkshire, Buckinghamshire and Oxfordshire
- Small Region (ITL 3)
- TLJ16 Berkshire West
- Delivery Location
- TLJ11 Berkshire
-
- Local Authority
- Reading
- Electoral Ward
- Abbey
- Westminster Constituency
- Reading Central
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-h6vhtk-0357fa-2022-08-01T18:12:45+01:00",
"date": "2022-08-01T18:12:45+01:00",
"ocid": "ocds-h6vhtk-0357fa",
"initiationType": "tender",
"tender": {
"id": "1000019",
"legalBasis": {
"id": "32014L0024",
"scheme": "CELEX"
},
"title": "Minster Quarter Central, Reading | Development Opportunity",
"status": "planned",
"classification": {
"scheme": "CPV",
"id": "45000000",
"description": "Construction work"
},
"mainProcurementCategory": "works",
"description": "Development Partner Sought for Site of Huge Potential in Reading Town CentreReading Borough Council is seeking a development partner to deliver a best-in-class legacy development at Minster Quarter Central, centred around a sustainable, high-quality, mixed-use development with a unique character and sense of place that delivers growth, employment and regeneration at a key gateway to the thriving town centre.",
"value": {
"amount": 200000000,
"currency": "GBP"
},
"lots": [
{
"id": "1",
"description": "Reading Borough Council (\"RBC\") is seeking a development partner to deliver a best-in-class legacy development at Minster Quarter Central, centred around a sustainable, high-quality, mixed-use development with a unique character and sense of place that delivers growth, employment and regeneration at a key gateway to the thriving town centre. There is an unprecedented opportunity to develop a 5.2 acre (2.1 hectare) site at one of the best located mixed use development opportunities in the UK with the potential to create a real landmark destination, minutes from the highly performing Oracle shopping centre. The site is situated at the heart of Reading's hugely attractive and busy town centre which acts as the region's main shopping destination, is a major transport hub in the south-east soon to benefit from the opening of the Elizabeth Line and boasting the regionally popular Hexagon Theatre. It is also located in an area due for significant investment and regeneration in the coming years with approximately 600 flats proposed on surrounding sites (not within RBC's ownership) as well as the potential for significant upgrades to the Hexagon Theatre in the next few years (subject to successful government funding bids). The ambition is to create a high quality residential-led development to enhance Reading as a destination of choice for high quality commercial and residential occupiers and visitors. Subject to planning, redevelopment proposals for Minster Quarter Central could include residential units providing a mix of private accommodation, Build To Rent and affordable housing, a 90 bed hotel, flexible working and conference facilities and outdoor performance space. Due to Reading's strategic location, excellent connectivity, highly skilled workforce and growing global appeal, the town provides an attractive proposition to develop a Build to Rent (\"BTR\") platform with the town characterised by affordable property prices, competitive rents and a thriving economy. The growth of BTR in key regional cities such as Reading has started to outpace London, with commuter belt towns offering more affordable space, a change in lifestyle and more outdoor space. This is particularly evident in Crossrail towns such as Reading, where due to increased levels of demand, house prices have seen significant growth since Crossrail's inception in 2009. In order to progress with the development, the Council is seeking to enter into a development agreement with the preferred development partner. The Council will be adopting Competitive Procedure by Negotiation as its preferred procurement process. The Council is looking for a development partner who can work with the Council to achieve its stated key objectives in respect of affordable housing, public realm and zero carbon as well as work in partnership with adjoining landowners to help realise the potential of the wider regeneration area. Interested parties are invited to attend the launch below and further details are available from Javid Patel - javid.patel@eddisons.com or Neil Houghton Neil.Houghton@eddisons.comA launch event will be held on 14 September at 10am at The Hexagon Theatre in Reading town centre where prospective bidders can find out more about the economic powerhouse that is Reading, the development opportunity and the Council's aspirations in respect of the site.",
"status": "planned"
}
],
"items": [
{
"id": "1",
"additionalClassifications": [
{
"scheme": "CPV",
"id": "45000000",
"description": "Construction work"
},
{
"scheme": "CPV",
"id": "71000000",
"description": "Architectural, construction, engineering and inspection services"
}
],
"deliveryAddresses": [
{
"region": "UKJ11"
}
],
"deliveryLocation": {
"description": "Minster QuarterReadingRG1 7UA"
},
"relatedLot": "1"
}
],
"communication": {
"futureNoticeDate": "2022-09-19T00:00:00+01:00"
},
"coveredBy": [
"GPA"
]
},
"parties": [
{
"id": "GB-FTS-26127",
"name": "Reading Borough Council",
"identifier": {
"legalName": "Reading Borough Council"
},
"address": {
"streetAddress": "Civic Offices, Bridge Street",
"locality": "Reading",
"region": "UKJ11",
"postalCode": "RG1 2LU",
"countryName": "United Kingdom"
},
"contactPoint": {
"name": "Emma Gee",
"email": "Emma.Gee@reading.gov.uk"
},
"roles": [
"buyer"
],
"details": {
"url": "http://www.reading.gov.uk",
"buyerProfile": "https://in-tendhost.co.uk/readingbc/aspx/Tenders/Current",
"classifications": [
{
"scheme": "TED_CA_TYPE",
"id": "REGIONAL_AUTHORITY",
"description": "Regional or local authority"
},
{
"scheme": "COFOG",
"id": "01",
"description": "General public services"
}
]
}
}
],
"buyer": {
"id": "GB-FTS-26127",
"name": "Reading Borough Council"
},
"language": "en"
}