Award

Sale of Land at Upper Cosmeston Farm

WELSH GOVERNMENT

This public procurement record has 2 releases in its history.

TenderUpdate

19 Sep 2025 at 09:00

Tender Notice
Award

16 Sep 2025 at 08:53

Award Notice
Summary of the contracting process

On 19th September 2025, the Welsh Government updated the tender process regarding the sale of land at Upper Cosmeston Farm. As the buying organisation, they have entered into a non-regulated tender process, originally advertised in November 2023, selecting BDW Trading Limited as the successful contractor. The main procurement category is construction work under CPV code 45000000, focusing on a residential led development in the Vale of Glamorgan, UKL22. The procurement follows a limited procedure, falling outside the scope of traditional procurement legislation. Despite being a non-regulated tender, a Transparency Notice was published to inform the market and ensure openness, with BDW Trading Limited expected to deliver 576 homes under a development agreement with specific land transaction conditions including leases and options agreements.

This tender presents significant opportunities for large-scale residential construction firms, particularly those experienced in handling complex land transactions and development agreements. The selected contractor, BDW Trading Limited, will engage in the construction of new homes, an endeavour poised to stimulate business growth through substantial residential development projects. Businesses equipped with capabilities in managing legally intricate agreements, such as overage payments and conditional leaseholds, will find such procurements advantageous, offering potential for further developments and partnerships in the region alongside the Welsh Government's projects.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Sale of Land at Upper Cosmeston Farm

Notice Description

The purpose of this VEAT is to inform the market that the Welsh Ministers, having undertaken a non-regulated tender (advertised in November 2023) and BDW Trading Limited (BDW) having been selected as the successful contractor in that non-regulated tender, intend to enter into various land transactions to dispose of an interest in land to BDW Trading Limited (BDW) and to enable BDW to deliver 576 homes on the land at Upper Cosmeston Farm, in the Vale of Glamorgan .

Lot Information

Lot 1

The purpose of this Transparency Notice is to inform the market that the Welsh Ministers intend to enter into various land transactions to dispose of an interest in land to BDW Trading Limited (BDW) and to enable BDW to deliver 576 homes on the land at Upper Cosmeston Farm, in the Vale of Glamorgan. Details of the land transactions are as follows:(i) a development agreement for the construction of residential units which requires the following to be entered into simultaneously: (a) the grant of the Lease (referred to in (ii) below); (b) completion of the Put Option Agreement and Call Option Agreement (referred to in (iii) below); and (c) completion of the Overage Agreement (referred to in (iv) below):(ii) a lease for a term of 13 years in relation to the land on which construction of the residential units may take place to include a conditional drawdown of that land;(iii) a Put Option Agreement and Call Option Agreement for the benefit of the Welsh Ministers affecting the last 10 residential units constructed or to be constructed on the land, the public realm land and any other land that has not been drawn down by BDW pursuant to the terms of the lease;(iv) an Overage Agreement securing an overage payment in favour of the Welsh Ministers of 50% of the amount by which the Actual Gross Development Value of the Residential Units on the land exceeds 110% of the Estimated Gross Development Value.

Procurement Information

On 30 November 2023, the Welsh Ministers published on Sell2Wales a speculative notice advertising that they were undertaking a non-regulated tender process to appoint one or more development partner(s) to undertake the delivery of a residential led development at Upper Cosmeston Farm, with such notice being an open invitation for the submission of bids in response to the non-regulated tender. A number of bids were submitted in response to that non-regulated tender and following Welsh Ministers' evaluation of such bids BDW Trading Limited (BDW) were selected as the successful contractor. The proposed transaction falls outside the scope of application of the Procurement Act 2023 and/or Public Contracts Regulations 2015 (the "Procurement Legislation") as the agreement is a land transaction (as further detailed below). As such, there is no requirement for the Welsh Ministers to publish any form of notice. However, Welsh Ministers are publishing this Transparency Notice in the spirit of transparency and openness. The principal object of the agreement is the disposal of an interest in land by the Welsh Ministers to BDW. The performance of any works is merely incidental to the transfer of property. The Welsh Ministers are not imposing any legally enforceable obligations on BDW to deliver the project in the Development Agreement. Completion of the Lease, the Put and Call Option Agreements and the Overage Agreement is conditional upon the grant of planning permission for residential development and SAB consent being obtained by BDW pursuant to the terms of the Development Agreement. The Development Agreement does not contain any contractually enforceable obligations imposed by the Welsh Ministers which would require BDW to deliver the project or carry out any works. The lease grants the option to BDW during its term to purchase the freehold of those parts of the land upon which it has constructed residential units less the Excluded Property, which consists of the last 10 residential units constructed or to be constructed on the land and the public realm land. The drawdown of land under the Lease is conditional on certain conditions being satisfied. The Excluded Property is the part of the land to which the Put and Call Option and the Overage Agreement relate. The Put and Call Option grants the option for the Welsh Ministers to require BDW to take a transfer of the Excluded Property and any other land which has not been drawn down by BDW at any time during the option term. The option term coincides with the term of the lease. The Overage Agreement is triggered on the earlier of either the date on which there are only 10 residential units to be constructed by BDW remaining on the land, or if there are any residential units constructed by BDW 15 years from the date of the Overage Agreement. Note - the estimated value set out in section [II] above states that the estimated value of the contract is PS1. However, the Welsh Ministers shall not be paying any consideration to BDW and it is BDW who shall be paying consideration to the Welsh Ministers in respect of the land transaction, 50% of such amount payable upon completion of the lease and the remaining 50% payable 6 months following completion of the lease (together with possibility of an overage payment to the Welsh Ministers as described in the description above). However, it is mandatory for Welsh Ministers to complete section [II] on the Central Digital Platform and the Welsh Ministers are unable to publish this VEAT notice without inputting some estimated contract value. Therefore readers of this notice should not place any reliance on section [II] above and, the Welsh Ministers are not paying any consideration to BDW. The Welsh Ministers (i) are also issuing a Transparency Notice pursuant to the Procurement Act 2023 and (ii) will be issuing a Contract Award Notice pursuant to the Procurement Act 2023 in relation to the land transactions described in this VEAT notice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059aef
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/057986-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45000000 - Construction work

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1

Notice Dates

Publication Date
19 Sep 20255 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
11 Sep 20255 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WELSH GOVERNMENT
Contact Name
Not specified
Contact Email
landdivisionhousingandregeneration@gov.wales
Contact Phone
Not specified

Buyer Location

Locality
CARDIFF
Postcode
CF10 3NQ
Post Town
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
TLL Wales
Local Authority
Cardiff
Electoral Ward
Cathays
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

BDW TRADING

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-059aef-2025-09-19T10:00:41+01:00",
    "date": "2025-09-19T10:00:41+01:00",
    "ocid": "ocds-h6vhtk-059aef",
    "initiationType": "tender",
    "tender": {
        "id": "C228/2025/2026",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Sale of Land at Upper Cosmeston Farm",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "45000000",
            "description": "Construction work"
        },
        "mainProcurementCategory": "works",
        "description": "The purpose of this VEAT is to inform the market that the Welsh Ministers, having undertaken a non-regulated tender (advertised in November 2023) and BDW Trading Limited (BDW) having been selected as the successful contractor in that non-regulated tender, intend to enter into various land transactions to dispose of an interest in land to BDW Trading Limited (BDW) and to enable BDW to deliver 576 homes on the land at Upper Cosmeston Farm, in the Vale of Glamorgan .",
        "lots": [
            {
                "id": "1",
                "description": "The purpose of this Transparency Notice is to inform the market that the Welsh Ministers intend to enter into various land transactions to dispose of an interest in land to BDW Trading Limited (BDW) and to enable BDW to deliver 576 homes on the land at Upper Cosmeston Farm, in the Vale of Glamorgan. Details of the land transactions are as follows:(i) a development agreement for the construction of residential units which requires the following to be entered into simultaneously: (a) the grant of the Lease (referred to in (ii) below); (b) completion of the Put Option Agreement and Call Option Agreement (referred to in (iii) below); and (c) completion of the Overage Agreement (referred to in (iv) below):(ii) a lease for a term of 13 years in relation to the land on which construction of the residential units may take place to include a conditional drawdown of that land;(iii) a Put Option Agreement and Call Option Agreement for the benefit of the Welsh Ministers affecting the last 10 residential units constructed or to be constructed on the land, the public realm land and any other land that has not been drawn down by BDW pursuant to the terms of the lease;(iv) an Overage Agreement securing an overage payment in favour of the Welsh Ministers of 50% of the amount by which the Actual Gross Development Value of the Residential Units on the land exceeds 110% of the Estimated Gross Development Value.",
                "hasOptions": false
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "UKL"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "procurementMethod": "limited",
        "procurementMethodDetails": "Award procedure without prior publication of a call for competition",
        "coveredBy": [
            "GPA"
        ],
        "procurementMethodRationaleClassifications": [
            {
                "scheme": "TED_PT_AWARD_CONTRACT_WITHOUT_CALL",
                "id": "D_OUTSIDE_SCOPE",
                "description": "The procurement falls outside the scope of application of the directive"
            }
        ],
        "procurementMethodRationale": "On 30 November 2023, the Welsh Ministers published on Sell2Wales a speculative notice advertising that they were undertaking a non-regulated tender process to appoint one or more development partner(s) to undertake the delivery of a residential led development at Upper Cosmeston Farm, with such notice being an open invitation for the submission of bids in response to the non-regulated tender. A number of bids were submitted in response to that non-regulated tender and following Welsh Ministers' evaluation of such bids BDW Trading Limited (BDW) were selected as the successful contractor. The proposed transaction falls outside the scope of application of the Procurement Act 2023 and/or Public Contracts Regulations 2015 (the \"Procurement Legislation\") as the agreement is a land transaction (as further detailed below). As such, there is no requirement for the Welsh Ministers to publish any form of notice. However, Welsh Ministers are publishing this Transparency Notice in the spirit of transparency and openness. The principal object of the agreement is the disposal of an interest in land by the Welsh Ministers to BDW. The performance of any works is merely incidental to the transfer of property. The Welsh Ministers are not imposing any legally enforceable obligations on BDW to deliver the project in the Development Agreement. Completion of the Lease, the Put and Call Option Agreements and the Overage Agreement is conditional upon the grant of planning permission for residential development and SAB consent being obtained by BDW pursuant to the terms of the Development Agreement. The Development Agreement does not contain any contractually enforceable obligations imposed by the Welsh Ministers which would require BDW to deliver the project or carry out any works. The lease grants the option to BDW during its term to purchase the freehold of those parts of the land upon which it has constructed residential units less the Excluded Property, which consists of the last 10 residential units constructed or to be constructed on the land and the public realm land. The drawdown of land under the Lease is conditional on certain conditions being satisfied. The Excluded Property is the part of the land to which the Put and Call Option and the Overage Agreement relate. The Put and Call Option grants the option for the Welsh Ministers to require BDW to take a transfer of the Excluded Property and any other land which has not been drawn down by BDW at any time during the option term. The option term coincides with the term of the lease. The Overage Agreement is triggered on the earlier of either the date on which there are only 10 residential units to be constructed by BDW remaining on the land, or if there are any residential units constructed by BDW 15 years from the date of the Overage Agreement. Note - the estimated value set out in section [II] above states that the estimated value of the contract is PS1. However, the Welsh Ministers shall not be paying any consideration to BDW and it is BDW who shall be paying consideration to the Welsh Ministers in respect of the land transaction, 50% of such amount payable upon completion of the lease and the remaining 50% payable 6 months following completion of the lease (together with possibility of an overage payment to the Welsh Ministers as described in the description above). However, it is mandatory for Welsh Ministers to complete section [II] on the Central Digital Platform and the Welsh Ministers are unable to publish this VEAT notice without inputting some estimated contract value. Therefore readers of this notice should not place any reliance on section [II] above and, the Welsh Ministers are not paying any consideration to BDW. The Welsh Ministers (i) are also issuing a Transparency Notice pursuant to the Procurement Act 2023 and (ii) will be issuing a Contract Award Notice pursuant to the Procurement Act 2023 in relation to the land transactions described in this VEAT notice.",
        "amendments": [
            {
                "id": "1",
                "unstructuredChanges": [
                    {
                        "newValue": {
                            "text": "YrIs-adranTir.LandDivision@gov.wales"
                        },
                        "where": {
                            "section": "I.1",
                            "label": "Email"
                        }
                    }
                ]
            }
        ]
    },
    "awards": [
        {
            "id": "056805-2025-1",
            "relatedLots": [
                "1"
            ],
            "title": "Sale of Land at Upper Cosmeston Farm",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-160963",
                    "name": "BDW Trading"
                }
            ]
        }
    ],
    "parties": [
        {
            "id": "GB-FTS-160962",
            "name": "Welsh Government",
            "identifier": {
                "legalName": "Welsh Government",
                "noIdentifierRationale": "notOnAnyRegister"
            },
            "address": {
                "streetAddress": "Government Office King Edward VII Ave",
                "locality": "Cardiff",
                "region": "UKL22",
                "postalCode": "CF103NQ",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "email": "landdivisionhousingandregeneration@gov.wales"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "https://www.gov.wales/",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "MINISTRY",
                        "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-160963",
            "name": "BDW Trading",
            "identifier": {
                "legalName": "BDW Trading",
                "id": "PWXQ-4875-ZMRW",
                "schemeEntered": "Public Procurement Organisation Register"
            },
            "address": {
                "locality": "Coalville",
                "region": "UKL",
                "postalCode": "LE67 1UF",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "email": "natalie.covill@barrattredrow.co.uk"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        },
        {
            "id": "GB-FTS-111",
            "name": "High Court",
            "identifier": {
                "legalName": "High Court"
            },
            "address": {
                "streetAddress": "Royal Courts of Justice, The Strand",
                "locality": "London",
                "postalCode": "WC2A 2LL",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 2079477501"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-160962",
        "name": "Welsh Government"
    },
    "contracts": [
        {
            "id": "056805-2025-1",
            "awardID": "056805-2025-1",
            "title": "Sale of Land at Upper Cosmeston Farm",
            "status": "active",
            "value": {
                "amount": 1,
                "currency": "GBP"
            },
            "dateSigned": "2025-09-12T00:00:00+01:00"
        }
    ],
    "language": "en"
}