--- title: "Ilford Western Gateway JV Partnership" ocid: "ocds-h6vhtk-02c532" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02c532" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02c532.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02c532.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "LONDON BOROUGH OF REDBRIDGE" published: "2021-07-08" --- # Ilford Western Gateway JV Partnership Buyer: LONDON BOROUGH OF REDBRIDGE Current stage: Tender OCID: ocds-h6vhtk-02c532 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02c532) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02c532.json) ## Summary The London Borough of Redbridge is currently engaged in the procurement process for the "Ilford Western Gateway JV Partnership," which falls under the real estate services industry category. This active tender is in the Planning stage, with a submission deadline set for 9 August 2021. The contract is valued at £500 million, and the procurement process is being conducted through a selective method using competitive dialogue. The Council aims to establish a joint venture partnership to support regeneration efforts across the Western Gateway site, which will feature up to 1,000 new homes alongside commercial and community spaces. This tender presents an exceptional opportunity for development and property management businesses, particularly those with expertise in large-scale residential and mixed-use projects. Companies that can offer development management services, construction capabilities, or financing expertise will find this project particularly suitable. Additionally, firms experienced in collaborative land assembly and regeneration initiatives within urban settings will be well-positioned to compete for this joint venture partnership with the Council, as they will need to demonstrate their ability to contribute effectively to the shared goal of creating a sustainable and attractive neighbourhood. ## Notice The London Borough of Redbridge (the "Council") is seeking to establish a joint venture ("JV") between the Council and a development partner (the "PSP") in relation to the Ilford Western Gateway development. The Council is seeking to deliver comprehensive regeneration across the Western Gateway site, delivering a 'world class neighbourhood in a world class city'. The Western Gateway site will deliver a residential led, mixed use development, delivering up to 1,000 new homes alongside commercial and community uses. Future sites may also be offered to the JV at the Council's discretion. The Council is seeking a PSP to help realise its ambitions for the Western Gateway, with delivery through a 50/50 JV partnership arrangement. The proposed legal and commercial structure is set out in detail within the Key Commercial Principles document and draft contract documents and will be established through the procurement process but it is envisaged that the structure will see both parties having an equal equity interest. The Council is seeking to invest its land as equity, with the option to provide additional cash equity where required, with the PSP bringing finance and development expertise. The PSP will be expected to provide (but not limited to) development management services with a fee payable for the provision of these services. The JV, the PSP (or a member of its group or consortium) may also provide construction works and services to the Council. The PSP will also be required to support the Council in land assembly activities. While the Council owns significant amounts of the Western Gateway site, there are other landowners who hold an interest and the partners will work together to consolidate land ownership and bring forward the comprehensive development of the site. ### Lot Information Lot 1 The Council is seeking a PSP to realise its ambitions to deliver regeneration across Ilford Town Centre. The Ilford Western Gateway site is the flagship site in the town centre and will deliver a residential led, mix use development including up to 1,000 new homes, alongside commercial and community uses. The Council's overall vision for the Western Gateway is to create: 'A world class liveable and sustainable neighbourhood in a world class city. Beautiful well designed connected garden spaces used by people enjoying living, cultural, learning, shopping, and leisure experiences through the day and evening' The Council is actively driving regeneration in the town centre having already invested in the Cultural Quarter and other parts of the high street. The Council has also developed a spatial framework for the Western Gateway site which sets out the placemaking principles that the development will need to have regard to. The principles put public realm first and green connected spaces at the heart of the framework and the Council is actively committed to investing in the realignment of the road gyratory, creating more of a street network, which will in turn unlock the vision for the Western Gateway. The Council is seeking to procure a PSP with whom to establish a 50/50 JV to deliver its aspirations for the Western Gateway. The partnership arrangement will see the Council investing its land into the JV as equity with the option to provide additional cash equity where required. It is expected that the PSP will provide finance and services to the JV. Services will include (but not limited to) development management. The PSP will receive a fee for the services it provides to the JV. The JV, the PSP (or a member of its group or consortium) may also provide construction works and services to the Council. The Council may require the JV, PSP (or a member of its group or consortium) to manage the delivery of works associated with changes to the gyratory. The Council and PSP's interest is in the JV will be established through the procurement process but as set out in the Key Commercial Principles document and draft contract documents (available on the Portal), it is envisaged that both partners will hold an equal equity interest and will jointly make decisions to drive forward the delivery of the site. The preferred structure and governance arrangements are also set out in the Key Commercial Principles document. The Council has significant land ownership across the site, though there are other landowners with interests in the site. However, the Council is in already in dialogue with each of the landowners and have passed a resolution to undertake a Compulsory Purchase Order (CPO) to bring all land interests under its ownership should this be necessary. This will enable the delivery of comprehensive development across which is required to realise the regeneration ambitions of the Council for this area. The PSP will be required to support the Council in land assembly activities as required once the JV has been formed. Furthermore the Council may choose to offer the JV other sites in the town centre or across the borough for housing development, alongside the JV providing construction services for community assets. Future opportunities will be offered to the JV at the Council's discretion. Further details of this opportunity are set out in the procurement documents. Please see Section V1.3 for details relating to the procurement documents being released at this stage. Additional information: The procurement will be conducted in accordance with the Public Contracts Regulations 2015 as amended, and successor legislation which may follow, using the competitive dialogue procedure as set out in Regulation 30 of the Public Contracts Regulations 2015. Options: Please see II.2.7 regarding extension options and II.2.4 regarding future sites. Renewal: The Council anticipates discussing with bidders during the competitive dialogue procedure the possibility of being granted option(s) to extend the contract period in a number of periods up to an overall maximum extension of 60 months ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/015808-2021 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive dialogue | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 8 Jul 2021 | | Submission deadline | 9 Aug 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £500,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LONDON BOROUGH OF REDBRIDGE | | Locality | ILFORD | | Post town | Ilford | | Postcode | IG1 1NN | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI5 Outer London - East and North East | | ITL 3 | TLI53 Redbridge and Waltham Forest | | Local authority | Redbridge | | Electoral ward | Ilford Town | | Westminster constituency | Ilford South | | Delivery location | TLI53 Redbridge and Waltham Forest | ## CPV Codes ### Divisions - 45 - Construction work - 70 - Real estate services - 71 - Architectural, construction, engineering and inspection services ### Codes - 45000000 - Construction work - 70000000 - Real estate services - 70331000 - Residential property services - 70332000 - Non-residential property services - 71500000 - Construction-related services ## Release History - 8 Jul 2021 at 08:27 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/015808-2021 ## Notice URLs - http://www.londontenders.org - http://www.redbridge.gov.uk/ - https://procontract.due-north.com ## 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-02c532. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02c532.json.