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Multi-level Industrial Development

GLA Land and Property Limited

This public procurement record has 1 release in its history.

Tender

30 Sep 2022 at 09:48

Tender Notice
Summary of the contracting process

The Greater London Authority (GLA) is conducting a multi-stage procurement process for the development of a 3.38-acre industrial site in Bugsby's Way, Greenwich Peninsula. The procurement, titled "Multi-level Industrial Development," falls under the works category and aims to attract businesses for industrial/logistics development opportunities. GLA Land & Property Limited, a subsidiary of the Greater London Authority, is the buying organization. The procurement is currently in the active stage, with a tender period ending on 1st November 2022 and negotiations planned for January 2023.

This tender presents an opportunity for developers interested in industrial and construction works to secure a long-term leasehold for the development of a multi-level industrial/logistics scheme. The key objectives include creating a sustainable and innovative building reflective of the local market demands and achieving local economic development benefits. The procurement method is selective, utilizing a competitive procedure with negotiation, allowing for active participation in achieving social and environmental policy objectives related to recruitment, training, and supply-chain initiatives.

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Notice Information

Notice Title

Multi-level Industrial Development

Notice Description

75 Bugsby's Way is a 3.38- acre industrial site on the Greenwich Peninsula, with excellent links to central London and from the M25. It is owned by Greater London Authority Land and Property (GLAP). The site has significant potential for intensive industrial/logistics development that is expected to attract a variety of businesses and provide employment opportunities to the local community. GLA Land & Property (GLAP) is a subsidiary company of the Greater London Authority, formed in 2012, it is one of the largest public sector landowners in London. The GLA is undertaking a procurement for the development of this site as part of the Mayor's plans to regenerate the Greenwich Peninsula. The successful developer will negotiate a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop and build a new multi-storey industrial development. The successful developer will then need to find tenants to generate a return.

Lot Information

Lot 1

The key objectives of the procurement include: - The development of a multi-level industrial/logistics scheme with a wide range of unit sizes/types, including SME space; - The production of a facade design that is reflective of the innovative nature of the building; - sustainability, both during and after construction; - achieving commercial value for the site; and - meeting prospective occupiers' demands; - achieving local economic development benefits The successful developer will own a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop, and build a multi-storey industrial/logistics development. Responsibility for attaining planning consent will lie with the successful developer. The successful developer will be required to provide a fixed payment of at least 50% of the total value as a lump sum upon practical completion. The remaining value will be due as a variable payment to be paid within five years of practical completion. The mechanism for calculating the variable payment and the date when it is due will be agreed between the parties.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03719c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027420-2022
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 procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

70 - Real estate services

71 - Architectural, construction, engineering and inspection services

CPV Codes

45000000 - Construction work

70000000 - Real estate services

71000000 - Architectural, construction, engineering and inspection services

Notice Value(s)

Tender Value
£106,943,267 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
30 Sep 20223 years ago
Submission Deadline
1 Nov 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
GLA Land and Property Limited
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
Postcode Area
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

Open Contracting Data Standard (OCDS)

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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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