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2526-0325 Legal consultancy for property sale and leaseback: 29-85 Old Street

London Borough of Islington

This public procurement record has 2 releases in its history.

ContractTermination

30 Jul 2026 at 09:04

UK11 - Contract Termination Notice
Award

29 Jul 2026 at 17:21

UK7 - Contract Details Notice
Summary of the contracting process

The London Borough of Islington procured legal consultancy services to support the sale and leaseback of four council-owned properties at 29–85 Old Street, London. The requirement was for a solicitor to advise and represent the council in connection with this property transaction. The work falls within legal advisory and representation services, covering specialist property and transactional legal support rather than construction, property management or general consultancy. The buyer is a London local authority, and delivery relates to its properties on Old Street. This opportunity would therefore be relevant to law firms with experience advising public bodies on commercial property disposals, sale-and-leaseback arrangements and associated legal documentation.

The procurement is complete and was awarded through a below-threshold procedure. Field Seymour Parkes LLP was selected for the legal consultancy requirement. The contract was signed on 11 September 2025, with a contract period from 11 September 2025 to 25 May 2026. Its value was £90,000 excluding VAT, or £108,000 including VAT. The contract was terminated on 25 May 2026; the stated reason is that the contract was completed, and the final value was £90,000 excluding VAT (£108,000 including VAT). The award and contract related to one requirement covering the Old Street properties. No separate award values or additional suppliers were reported.

This procurement demonstrates demand from Islington for external legal support on complex public-sector property transactions, specifically a sale and leaseback involving multiple council-owned buildings. A credible competitor for a future requirement of this type would need a solicitor-led team able to advise a local authority through property sale, leaseback structuring, negotiations, due diligence, conveyancing and the preparation or review of related legal documents. Experience of acting for public-sector buyers would be important, including understanding council governance, approvals, public accountability and the risks attached to long-term lease arrangements. The selected supplier was an SME law firm, indicating that a specialist independent practice with suitable property transaction capacity could compete with larger firms.

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Notice Information

Notice Title

2526-0325 Legal consultancy for property sale and leaseback: 29-85 Old Street

Notice Description

Consultancy assignment to appoint a solicitor to support the sale and leaseback of four Council-owned properties located at 29-85 Old Street, London.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06d6fc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/071974-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK11 - Contract Termination Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Below threshold - unknown
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79110000 - Legal advisory and representation services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£90,000 Under £100K

Notice Dates

Publication Date
30 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
11 Sep 2025 - 25 May 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Terminated

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
London Borough of Islington
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
N1 2UD
Postcode Area
North London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified
Local Authority
Islington
Electoral Ward
St Mary's & St James'
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

FIELD SEYMOUR PARKES LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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