Award

Stratford Waterfront and Bridgewater Residential Joint Venture Development Partner

LONDON LEGACY DEVELOPMENT CORPORATION

This public procurement record has 1 release in its history.

Award

11 Aug 2022 at 18:05

Summary of the contracting process

The London Legacy Development Corporation has awarded the contract for the development of the Stratford Waterfront and Bridgewater residential projects to Ballymore Limited. The total contract value is £600 million in GBP. This procurement process was conducted using an award procedure with prior publication under the Concession Contracts Regulations 2016. The contract was signed on 26th July 2022, and the duration of the contract is 7200 days. The main procurement category is works, and the industry category is urban development construction work.

This tender provides significant business opportunities for companies in real estate services, development services of real estate, building construction work, and related fields. Businesses involved in architectural design, construction consultancy services, and civil engineering consultancy services would be well-suited to compete for this tender. The procurement process is currently in the award stage, and the award criteria were based on the criteria specified in the procurement documents. The location of the project is in Inner London – East, and the buying organisation, London Legacy Development Corporation, is a body governed by public law with expertise in regeneration projects.

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Notice Title

Stratford Waterfront and Bridgewater Residential Joint Venture Development Partner

Notice Description

London Legacy Development Corporation ('LLDC') has appointed 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 opportunity was advertised in the OJEU (2020/S 199-483916) and procured under the Concession Contracts Regulations 2016.

Lot Information

Lot 1

See II.1.4 above and note the following: 1) LLDC has appointed a developer partner to jointly deliver the development of the Sites through a 50%/50% incorporated vehicle (the "JV") which shall be governed by a joint venture agreement. 2) the DA shall provide ultimately for a 250 year leasehold interest of the Sites to be granted to the JV. 3) this opportunity may also include the balance of PDZ 8, the Pudding Mill Lane site and PDZ 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. Any such development of these future sites will be in material conformity with the same terms agreed for the Sites. Future sites are not guaranteed. For further information please visit: https://award.bravosolution.co.uk/londonlegacy/web/project/8d9d1916-866d-45d0-9936-9ceb1c32f5cf/register and https://buildthelegacy.co.uk/

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-035b2c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/022224-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Not Specified
Procurement Method Details
Award procedure with prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

50 - Repair and maintenance services

70 - Real estate services

71 - Architectural, construction, engineering and inspection services

73 - Research and development services and related consultancy services

79 - Business services: law, marketing, consulting, recruitment, printing and security

90 - Sewage, refuse, cleaning and environmental services


CPV Codes

45111000 - Demolition, site preparation and clearance work

45112700 - Landscaping work

45200000 - Works for complete or part construction and civil engineering work

45210000 - Building construction work

45211300 - Houses construction work

45211340 - Multi-dwelling buildings construction work

45211341 - Flats construction work

45211360 - Urban development construction work

45212000 - Construction work for buildings relating to leisure, sports, culture, lodging and restaurants

45213110 - Shop buildings construction work

45221000 - Construction work for bridges and tunnels, shafts and subways

45231000 - Construction work for pipelines, communication and power lines

45231221 - Gas supply mains construction work

45231223 - Gas distribution ancillary work

45231300 - Construction work for water and sewage pipelines

45231400 - Construction work for electricity power lines

45232140 - District-heating mains construction work

45232450 - Drainage construction works

45233100 - Construction work for highways, roads

45233260 - Pedestrian ways construction work

45247100 - Construction work for waterways

45259300 - Heating-plant repair and maintenance work

45330000 - Plumbing and sanitary works

50700000 - Repair and maintenance services of building installations

50710000 - Repair and maintenance services of electrical and mechanical building installations

70000000 - Real estate services

70110000 - Development services of real estate

70123100 - Sale of residential real estate

70331000 - Residential property services

71000000 - Architectural, construction, engineering and inspection services

71220000 - Architectural design services

71240000 - Architectural, engineering and planning services

71251000 - Architectural and building-surveying services

71311000 - Civil engineering consultancy services

71315200 - Building consultancy services

71400000 - Urban planning and landscape architectural services

71530000 - Construction consultancy services

73220000 - Development consultancy services

79412000 - Financial management consultancy services

79418000 - Procurement consultancy services

79710000 - Security services

79992000 - Reception services

79993000 - Building and facilities management services

90911200 - Building-cleaning services

Notice Value(s)

Tender Value
£600,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£600,000,000 £100M-£1B

Notice Dates

Publication Date
11 Aug 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Jul 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
LONDON LEGACY DEVELOPMENT CORPORATION
Contact Name
Brian Walsh
Contact Email
procurement@londonlegacy.co.uk
Contact Phone
+44 2032881800

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
TLI4 Inner London - East

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

BALLYMORE

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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