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3 mills studios future operator- sublease opportunity

London Legacy Development Corporation Limited (LLDC)

This public procurement record has 1 release in its history.

Tender

14 Jun 2023 at 16:05

Tender Notice
Summary of the contracting process

The London Legacy Development Corporation Limited (LLDC) has issued a tender for the future operator of 3 Mills Studios, an entertainment film production facility located in Hackney and Newham, London. The procurement process involves a sublease opportunity for a minimum of 10 years, with a contract period starting on September 3, 2023, and ending on August 31, 2028. The tender, valued at £16,000,000 GBP, is currently in the active stage, with a submission deadline set for July 14, 2023. LLDC is following a selective procurement method using a restrictive procedure.

This tender presents a significant opportunity for businesses with experience in successfully operating film studios to secure a long-term sublease agreement for 3 Mills Studios. Companies in the film and media sectors, particularly those with a proven track record in asset management and studio operations, are well-suited to compete for this contract. The procurement process emphasises transparency, proportionality, and equal treatment, ensuring a fair opportunity for all potential bidders.

How relevant is this notice?

Notice Information

Notice Title

3 mills studios future operator- sublease opportunity

Notice Description

The LLDC are seeking to dispose of their long leasehold interest in 3 Mills Studios by way of sublease agreement for a minimum of 10 years. LLDC have nurtured and supported the film and media sectors for many years and are now looking for a single business with significant experience of successfully operating a film studio to protect the film and studio use of the 3 Mills site, to take on the on- going asset management for the entire site and maintain rental income to LLDC at a rent in line with (or above) the current net operating position.

Lot Information

Lot 1

The LLDC are seeking to dispose of their long leasehold interest in 3 Mills Studios by way of sublease agreement for a minimum of 10 years. LLDC have nurtured and supported the film and media sectors for many years and are now looking for a single business with significant experience of successfully operating a film studio to protect the film and studio use of the 3 Mills site, to take on the on- going asset management for the entire site and maintain rental income to LLDC at a rent in line with (or above) the current net operating position. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/NPB5S9MKNV

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03d647
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016923-2023
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

92 - Recreational, cultural and sporting services

CPV Codes

92111310 - Entertainment film production

Notice Value(s)

Tender Value
£16,000,000 £10M-£100M
Lots Value
£1
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20233 years ago
Submission Deadline
14 Jul 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
3 Sep 2023 - 31 Aug 2028 4-5 years
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
London Legacy Development Corporation Limited (LLDC)
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
TLI41 Hackney and Newham
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Further Information

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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