---
title: "Commercial Office Investment Portfolio Joint Venture"
ocid: "ocds-h6vhtk-033b80"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-033b80"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-033b80.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-033b80.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "PLACES FOR LONDON"
published: "2023-08-16"
---

# Commercial Office Investment Portfolio Joint Venture

Buyer: PLACES FOR LONDON  
Current stage: Award  
OCID: ocds-h6vhtk-033b80

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-033b80.json)

## Summary

The buying organisation, Places for London, is leading a procurement process for the "Commercial Office Investment Portfolio Joint Venture" in the services industry category. The opportunity involves developing sustainable office assets in London locations such as Bank OSD, Paddington OSD, and Southwark OSD. The procurement stage is "cancelled" with a value of £1,100,000,000 signed on 11th July 2023.

This tender offers growth opportunities for businesses involved in development services of real estate, corporate finance, venture capital, and construction management. Businesses skilled in competitive dialogue and large-scale developments would be well-suited to compete. Key deadlines include the SSQ response by 22nd June 2022 and the contract period ending on 22nd June 2034. The selective procurement method involves the joint venture development of office spaces and ancillary retail areas.

## Notice

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.

### Lot Information

Lot 1

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/024057-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive dialogue |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Aug 2023 |
| Submission deadline | 22 Jun 2022 |
| Future notice date | Not specified |
| Award date | 10 Jul 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,100,000,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | PLACES FOR LONDON |
| Additional buyers | 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 | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HELICAL |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 70 - Real estate services

### Codes

- 66122000 - Corporate finance and venture capital services
- 70110000 - Development services of real estate
- 70120000 - Buying and selling of real estate

## Release History

- 16 Aug 2023 at 14:15 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/024057-2023
- 20 May 2022 at 07:26 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/013531-2022

## Notice URLs

- https://procontract.due-north.com/Procurer/Advert/View?advertId=9992728a-58d7-ec11-8114-005056b64545&fromAdvertEvent=True
- 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-h6vhtk-033b80. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-033b80.json.