Lea Bridge Station Sites - Developer Partner

LONDON BOROUGH OF WALTHAM FOREST

There is 1 contract in this contracting process.

Summary of the contracting process

The London Borough of Waltham Forest has completed a procurement process to appoint London Square Developments Limited as the development partner for three sites adjacent to Lea Bridge Station. The project, classified under "Construction work" in the industry category, aims to facilitate a high-quality, residential-led mixed-use development, incorporating a new station entrance and an improved public realm. Initially, the scheme was expected to deliver 300-320 homes along with commercial and public spaces, but it has since been varied to increase the number of residential units to 387, all of which will be affordable housing. The development involves significant changes to land lease terms, including a move to a 990-year lease to meet Greater London Authority funding requirements, and began under a limited procurement method without prior call for competition. The agreement was signed on 17 March 2021, with the amended scheme including an increase in the number of affordable units and additional utility works to be funded by GLA grants.

This tender represents a notable opportunity for businesses involved in construction, property development, and utility services, particularly those that specialise in affordable housing projects and have experience in managing long-term leases. The involvement of high-value, complex utility relocation tasks could also pave the way for companies that offer specialised infrastructure services. The project not only promises substantial business growth opportunities due to its scale and scope but also allows businesses to engage in a development that contributes significantly to the local community's housing and commercial infrastructure. The modifications to land lease terms and payment provisions ensure that both developers and the council share profits, fostering a collaborative environment aimed at delivering high-quality projects while accommodating inflationary and regulatory shifts.

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Award, Contract

Lea Bridge Station Sites - Developer Partner

LONDON BOROUGH OF WALTHAM FOREST

Contract Timeline

Publication Date

28th March 2025 17:14:27 PM
Contract Summary

The London Borough of Waltham Forest (“the Council”) commenced a procurement through Contract Notice 2019/S 070-165593 to appoint a development partner in relation to three sites adjacent to Lea Bridge Station in order to facilitate the delivery of a high-quality, residential-led mixed-use development; new station entrance and an improved public realm. The development partner was originally expected to deliver in the range of 300-320 homes and a minimum of 3000 sq. m. of commercial cultural spaces and 750 sq. m. of public space. The original opportunity also required the development partner to construct a new entrance to the railway station as part of the scheme. Please see the Contract Notice for further details. The Council entered the development agreement with London Square Developments Limited on 17 March 2021 and now intends to vary the scheme for the reasons detailed in this voluntary transparency notice.
Contract Details

Open Contracting ID

ocds-h6vhtk-04fa57

Publication Source

Find a Tender Service

Procurement Stage

Award, Contract

Procurement Method

Limited

Procurement Method Details

Award Procedure Without Prior Publication Of A Call For Competition

Procurement Category

Works

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

45000000

CPV Division(s)

45 - Construction work
Awarding Authority

LONDON BOROUGH OF WALTHAM FOREST

Buyer Name

Ms Greer Ndefo

Buyer Email

Greer.Ndefo@walthamforest.gov.uk

Buyer Phone

+44 2084963000

Buyer Address

Room 100, Waltham Forest Town Hall, Forest Road

Walthamstow

E17 4JF

United Kingdom
Awarded Supplier(s)

Supplier Name(s)

LONDON SQUARE DEVELOPMENTS LIMITED

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Lea Bridge Station Sites - Developer Partner

LONDON BOROUGH OF WALTHAM FOREST

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)