--- title: "Commercial Office Investment Portfolio Joint Venture" ocid: "ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e.json" source: "Contracts Finder" current_stage: "Tender" buyer: "TRANSPORT FOR LONDON" published: "2022-05-20" --- # Commercial Office Investment Portfolio Joint Venture Buyer: TRANSPORT FOR LONDON Current stage: Tender OCID: ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e.json) ## Summary Transport for London (TfL) is currently conducting a selective tender for the "Commercial Office Investment Portfolio Joint Venture" aimed at appointing a development and investment partner. This opportunity encompasses three significant development sites: the Bank Over Station Development, Paddington Triangle OSD, and Southwark OSD. TfL aims to establish a joint venture to create approximately 600,000 square feet of premium office space, with a total estimated contract value of £900 million. Interested parties must submit a Standard Selection Questionnaire by 12:00 GMT on 22nd June 2022, as planning permissions for the first two sites have been secured and the upcoming contractor's period starts on 9th March 2023 and lasts until 22nd June 2034. This tender presents substantial opportunities for growth, particularly for businesses specialising in corporate finance, venture capital, and real estate development. Companies with experience in sustainable building practices and construction management will be well-positioned to compete for this joint venture, as the project not only seeks to develop high-quality office spaces but also aims to enhance long-term rental income strategies through the partnership. Engaging with TfL could lead to additional joint ventures or future development opportunities beyond the specified sites. ## Notice TfL is commencing a procurement process to appoint a joint venture development and investment partner for the Opportunity. The Opportunity comprises the Bank Over Station Development (OSD), Paddington Triangle OSD and Southwark OSD development sites. The selected partner will form a Joint Venture (JV) with TfL to develop the sites into best in class, sustainable office assets that will drive returns for both partners. It is anticipated that the partner and TfL will continue to hold the developed assets in joint venture post practical completion and leasing to benefit from the rental income. Additional office led development sites may be acquired by the JV at a later stage. The JV will develop the three sites with the delivery of c. 600,000 ft2 net internal area of office space and ancillary retail space. Planning permission has been received and implemented for Bank OSD and Paddington OSD. Southwark OSD has received resolution to grant planning permission. An overview summary of the Opportunity can be found within the Procurement Documents, which can be found here: https://procontract.due-north.com/Advert?advertId=9992728a-58d7-ec11-8114-005056b64545 This call for competition requires interested Applicants to register on the ProContract portal at the above mentioned link (or searching Procontract opportunities with 'TfL 95150 Commercial Office Investment Portfolio Joint Venture') and respond to the Standard Selection Questionnaire (SSQ) by 12:00 GMT on 22/06/2022. Updated Invitation to Submit Outline Solutions (ISOS) documents will be shared with all successful Applicants following the evaluation of the SSQ responses. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/62a08b8c-ff19-4dc2-b361-e760eade154f | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive dialog | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 20 May 2022 | | Submission deadline | 22 Jun 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 9 Mar 2023 - 22 Jun 2034 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £900,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | TRANSPORT FOR LONDON | | Locality | LONDON | | Post town | East London | | Postcode | E20 1JN | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI41 Hackney and Newham | | Local authority | Newham | | Electoral ward | Stratford Olympic Park | | Westminster constituency | Stratford and Bow | | Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 70 - Real estate services - 71 - Architectural, construction, engineering and inspection services ### Codes - 66122000 - Corporate finance and venture capital services - 70112000 - Development of non-residential real estate - 70120000 - Buying and selling of real estate - 71540000 - Construction management services ## Release History - 20 May 2022 at 09:02 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/62a08b8c-ff19-4dc2-b361-e760eade154f - 20 May 2022 at 07:23 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f3b5bbac-d404-4b4c-8ed9-c67259d52e8f ## Documents - https://www.contractsfinder.service.gov.uk/Notice/62a08b8c-ff19-4dc2-b361-e760eade154f 20th May 2022 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/f3b5bbac-d404-4b4c-8ed9-c67259d52e8f 20th May 2022 - Opportunity notice on Contracts Finder ## Notice URLs - https://procontract.due-north.com/Advert?advertId=9992728a-58d7-ec11-8114-005056b64545 - https://tfl.gov.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-59622c08-03ba-492e-970e-8db0f82f3b7e.json.