Award

Pudding Mill Lane Joint Venture Development Partner

LONDON LEGACY DEVELOPMENT CORPORATION

This public procurement record has 2 releases in its history.

Award

16 Dec 2024 at 19:05

Tender

17 Jan 2023 at 16:05

Summary of the contracting process

The London Legacy Development Corporation (LLDC) has appointed Countryside Properties (UK) Limited as the development partner for the Pudding Mill Lane Joint Venture Development. This project, categorized under urban development construction work, is located in Hackney and Newham, London. The procurement process, which followed an award procedure with prior publication of a call for competition, has now reached the contract award stage. The contract, valued at £600 million, was signed on 4th December 2024 and is slated to run for 7,200 days. Notable for its scope, the development includes the construction of approximately 950 new homes of mixed tenure and 30,000 square meters of non-residential space.

This tender presents substantial business growth opportunities, particularly for companies in the construction, real estate development, and related sectors. Businesses specialising in residential and non-residential development, architectural and engineering services, urban planning, and construction consultancy services would be well-suited to engage with this project. Companies capable of providing building and facilities management, repair, and maintenance services also stand to benefit significantly. The extensive nature of the project, which includes a joint venture agreement and potential additional development zones, makes it ideal for large-scale companies looking to expand their portfolios and contribute to significant urban regeneration efforts in a prominent location.

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Notice Title

Pudding Mill Lane 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 Pudding Mill Lane Development ('the Site') pursuant to a development agreement with LLDC ("DA").

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 Site 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 leasehold interest of the Site to be granted to the JV. 3) the JV will deliver circa 950 new homes of mixed tenure and 30,000 square meters of non-residential space.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-039846
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040526-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender 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

70 - Real estate services

73 - Research and development services and related consultancy services


CPV Codes

45210000 - Building construction work

45211360 - Urban development construction work

70000000 - Real estate services

70110000 - Development services of real estate

70123100 - Sale of residential real estate

70331000 - Residential property services

73220000 - Development consultancy services

Notice Value(s)

Tender Value
£600,000,000 £100M-£1B
Lots Value
£675,000,000 £100M-£1B
Awards Value
Not specified
Contracts Value
£600,000,000 £100M-£1B

Notice Dates

Publication Date
16 Dec 20241 years ago
Submission Deadline
28 Feb 2023Expired
Future Notice Date
Not specified
Award Date
4 Dec 20241 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
brianwalsh@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, TLI41 Hackney and Newham

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

Supplier Information

Number of Suppliers
1
Supplier Name

COUNTRYSIDE PROPERTIES (UK

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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