Award

Newcastle-under-Lyme Borough Council Development Partner Project

NEWCASTLE-UNDER-LYME BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

24 Jul 2023 at 07:49

Tender

27 Apr 2023 at 07:46

Summary of the contracting process

The Newcastle-under-Lyme Borough Council has initiated a procurement process for a development partner project. The project aims to establish a Joint Venture partnership to utilise underutilised assets for development schemes, starting with key sites like York Place, Parkhouse Road West, and Midway Car Park. The procurement stage is currently active, with a selective competitive dialogue method being used. The tender period ends on 30th May 2023, and the invitation date for the second stage is 19th June 2023.

This tender opportunity by the Newcastle-under-Lyme Borough Council presents an opportunity for businesses specializing in development services of real estate to participate in a strategic partnership to support regeneration and economic growth. Businesses with expertise in delivering residential schemes would be well-suited to compete. The Council is seeking a partner for a development, investment, and optimisation programme that aims to enhance housing and economic growth across the borough, creating potential for sustained long-term income streams.

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Notice Title

Newcastle-under-Lyme Borough Council Development Partner Project

Notice Description

Newcastle-under-Lyme Borough Council (the "Council"), as with the Local Government sector at large, is facing significant financial pressures and is seeking ways to take a pro-active commercial approach to both address its financial position and to maximise the value from a variety of surplus, or underutilised assets that make up its portfolio. The Council has a significant portfolio to sites that it wishes to utilise to both support regeneration and deliver financial return. It is therefore looking to establish a new Joint Venture (JV) partnership that will have access to a number of these underutilised assets to deliver development schemes. Three such key sites are: > York Place; > Parkhouse Road West.; and > Midway Car Park

Lot Information

Lot 1

Newcastle-under-Lyme Borough Council (the "Council"), as with the Local Government sector at large, is facing significant financial pressures and is seeking ways to take a pro-active commercial approach to both address its financial position and to maximise the value from a variety of surplus, or underutilised assets that make up its portfolio. The Council has a significant portfolio to sites that it wishes to utilise to both support regeneration and deliver financial return. It is therefore looking to establish a new Joint Venture (JV) partnership that will have access to a number of these underutilised assets to deliver development schemes. Three such key sites are: > York Place; > Parkhouse Road West; and > Midway Car Park These are planned to be the "Initial (Category A) Sites" that will be taken forward by the partnership, but a number of others have been identified and can come forward subject to the partnership successfully taking forward these initial sites. These are known as the "Additional Council Owned (Category B) Sites". A number of others have been identified and can come forward subject to the partnership successfully taking forward these initial sites. These include sites such as Rycroft 'Middle Site', the existing Civic office site and other operational sites that are likely to become surplus. It should be noted that a number of these sites are likely to be residential led developments, and therefore bidders will need demonstrate their expertise in delivering residential schemes. The Council believes that there is latent value in these Sites and has undertaken significant work with its advisors as part of the FHSF to understand both the potential that is locked up within them and the potential approaches it could use to maximise return from them. The traditional route the Council has followed has been to dispose of these assets for a capital receipt. However, there is a consensus of opinion within the Council that there are realistic business opportunities to add wider value to the disposal process with the aim of creating commercial agility with an outcome of improving the pace of delivery, impact of these sites on economic growth and financial receipts, for example by partnering with an appropriate organisation that has development and funding expertise so that the Council can secure enhanced benefits and financial returns including potentially sustainable long term income streams. The value of a partnering process can be increased further by being brought in at the earliest stages through creating, then promoting new opportunities in sharing the market and delivery expertise with access to emerging land information. The Council is seeking a development, investment and optimisation programme for its sites that supports housing and economic growth across the borough.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03c491
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021218-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70110000 - Development services of real estate

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jul 20232 years ago
Submission Deadline
30 May 2023Expired
Future Notice Date
Not specified
Award Date
24 Jul 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled
Awards Status
Unsuccessful
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NEWCASTLE-UNDER-LYME BOROUGH COUNCIL
Contact Name
Simon McEneny
Contact Email
simon.mceneny@newcastle-staffs.gov.uk
Contact Phone
+44 1782717717

Buyer Location

Locality
NEWCASTLE-UNDER-LYME
Postcode
ST5 1BL
Post Town
Stoke-on-Trent
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLG23 Stoke-on-Trent

Local Authority
Newcastle-under-Lyme
Electoral Ward
Town
Westminster Constituency
Newcastle-under-Lyme

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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