--- title: "Multi-level Industrial Development" ocid: "ocds-h6vhtk-03719c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03719c" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03719c.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03719c.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "GLA LAND AND PROPERTY LIMITED" published: "2022-09-30" --- # Multi-level Industrial Development Buyer: GLA LAND AND PROPERTY LIMITED Current stage: Tender OCID: ocds-h6vhtk-03719c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03719c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03719c.json) ## Summary The Greater London Authority (GLA) is conducting a multi-stage procurement process for the development of a 3.38-acre industrial site in Bugsby's Way, Greenwich Peninsula. The procurement, titled "Multi-level Industrial Development," falls under the works category and aims to attract businesses for industrial/logistics development opportunities. GLA Land & Property Limited, a subsidiary of the Greater London Authority, is the buying organization. The procurement is currently in the active stage, with a tender period ending on 1st November 2022 and negotiations planned for January 2023. This tender presents an opportunity for developers interested in industrial and construction works to secure a long-term leasehold for the development of a multi-level industrial/logistics scheme. The key objectives include creating a sustainable and innovative building reflective of the local market demands and achieving local economic development benefits. The procurement method is selective, utilizing a competitive procedure with negotiation, allowing for active participation in achieving social and environmental policy objectives related to recruitment, training, and supply-chain initiatives. ## Notice 75 Bugsby's Way is a 3.38- acre industrial site on the Greenwich Peninsula, with excellent links to central London and from the M25. It is owned by Greater London Authority Land and Property (GLAP). The site has significant potential for intensive industrial/logistics development that is expected to attract a variety of businesses and provide employment opportunities to the local community. GLA Land & Property (GLAP) is a subsidiary company of the Greater London Authority, formed in 2012, it is one of the largest public sector landowners in London. The GLA is undertaking a procurement for the development of this site as part of the Mayor's plans to regenerate the Greenwich Peninsula. The successful developer will negotiate a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop and build a new multi-storey industrial development. The successful developer will then need to find tenants to generate a return. ### Lot Information Lot 1 The key objectives of the procurement include: - The development of a multi-level industrial/logistics scheme with a wide range of unit sizes/types, including SME space; - The production of a facade design that is reflective of the innovative nature of the building; - sustainability, both during and after construction; - achieving commercial value for the site; and - meeting prospective occupiers' demands; - achieving local economic development benefits The successful developer will own a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop, and build a multi-storey industrial/logistics development. Responsibility for attaining planning consent will lie with the successful developer. The successful developer will be required to provide a fixed payment of at least 50% of the total value as a lump sum upon practical completion. The remaining value will be due as a variable payment to be paid within five years of practical completion. The mechanism for calculating the variable payment and the date when it is due will be agreed between the parties. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/027420-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Works | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 30 Sep 2022 | | Submission deadline | 1 Nov 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £106,943,267 | | 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 | GLA LAND AND PROPERTY LIMITED | | 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 | ## 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 - 71000000 - Architectural, construction, engineering and inspection services ## Release History - 30 Sep 2022 at 08:48 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/027420-2022 ## Notice URLs - https://procontract.due-north.com - 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-03719c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03719c.json.