---
title: "Havering estate regeneration partner - property/asset JV company"
ocid: "ocds-h6vhtk-02a566"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02a566"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02a566.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02a566.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LONDON BOROUG OF HAVERING"
published: "2021-04-13"
---

# Havering estate regeneration partner - property/asset JV company

Buyer: LONDON BOROUG OF HAVERING  
Current stage: Award  
OCID: ocds-h6vhtk-02a566

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02a566.json)

## Summary

The London Borough of Havering has completed a procurement process for the project titled "Havering Estate Regeneration Partner - Property/Asset JV Company." This initiative, which falls under the industry category of multi-dwelling buildings construction work, aims to secure investment and expertise for housing-led regeneration efforts in the borough. The procurement was conducted through a limited method, without prior publication of a call for competition, and involved the award of a contract valued at £1.177 billion, signed on 11 December 2020. The contract is set to last for up to 30 years, supporting further developments in the area.

This tender presents significant opportunities for businesses involved in construction, urban development, and related services. Companies specialising in large-scale residential projects, demolition and site preparation, as well as landscaping, would be well-suited to engage in future phases of this regeneration effort. With a focus on creating additional affordable housing and improving community infrastructure, suppliers with expertise in delivering value-driven projects can find a compelling avenue for growth in collaboration with the Havering council.

## Notice

[08/04/2021 14:52] Adam Bevan: LB of Havering ('the Council') entered into a contract for up to 30 years for a partner to form a long-term corporate joint venture ('JV') property vehicle to secure investment and expertise to deliver Havering's housing led regeneration strategy, entered into 27 April 2018 ('the Contract'). The opportunity was advertised in OJEU (2017/S 094-185114) and procured under the Concession Contracts Regulations 2016. Further details of the original Contract are in that OJEU Notice. The Contract includes a Members' Agreement (MA) and Development Agreement (DA) with the JV LLP and other ancillary documents.

### Lot Information

Lot 1

[08/04/2021 15:07] Adam Bevan: Further info is at https://www.havering.gov.uk/downloads/download/876/veat_notice_supplement_documents The Council has: 1) Made additional GBP 58.3 million equity funding available to JV. Also, refreshed JV business plan (BP) to include Council forward funding of GBP 45.4 million for phase 1 (in the light of additional 53 affordable housing units and reduction of open market units from 1085 to 934, changes to design and other factors). 2) Refreshed JV BP to remove Delta estate. 3) Refreshed JV BP to include addition of further sites. 4) Amended DA to bring forward timing of demolition of Waterloo Estate and Council providing additional PS7.8m financing in place of debt funding (some changes to be made by variation to the DA and a new supplemental dev agreement with JV). Additional information: The duration field takes account of the fact that the concession started on the 11/12/2020.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/007669-2021 |
| Notice type | Award 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Apr 2021 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 11 Dec 2020 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,177,000,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,177,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUG OF HAVERING |
| Locality | ROMFORD |
| Post town | Romford |
| Postcode | RM1 3BB |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI5 Outer London - East and North East |
| ITL 3 | TLI52 Barking & Dagenham and Havering |
| Local authority | Havering |
| Electoral ward | St Edward's |
| Westminster constituency | Romford |
| Delivery location | TLI52 Barking & Dagenham and Havering |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WATES CONSTRUCTION |

## CPV Codes

### Divisions

- 45 - Construction work
- 65 - Public utilities
- 70 - Real estate services
- 71 - Architectural, construction, engineering and inspection services
- 73 - Research and development services and related consultancy services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security
- 90 - Sewage, refuse, cleaning and environmental services

### Codes

- 45111000 - Demolition, site preparation and clearance work
- 45112700 - Landscaping work
- 45112710 - Landscaping work for green areas
- 45112711 - Landscaping work for parks
- 45211300 - Houses construction work
- 45211340 - Multi-dwelling buildings construction work
- 45211341 - Flats construction work
- 45211350 - Multi-functional buildings construction work
- 45211360 - Urban development construction work
- 45212000 - Construction work for buildings relating to leisure, sports, culture, lodging and restaurants
- 45213100 - Construction work for commercial buildings
- 45213112 - Shop units construction work
- 45213150 - Office block construction work
- 45223300 - Parking lot construction work
- 65300000 - Electricity distribution and related services
- 70000000 - Real estate services
- 71000000 - Architectural, construction, engineering and inspection services
- 73220000 - Development consultancy services
- 79410000 - Business and management consultancy services
- 90712100 - Urban environmental development planning

## Release History

- 13 Apr 2021 at 09:31 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/007669-2021

## Notice URLs

- http://www.havering.gov.uk
- https://ted.europa.eu/udl?uri=TED:NOTICE:185114-2017:TEXT:EN:HTML
- https://www.havering.gov.uk/downloads/download/876/veat_notice_supplement_documents

## 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-h6vhtk-02a566. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02a566.json.