TfL 91778 Street Vending Management

Tender description

TfL already has a sizeable retail portfolio with over 1,000 units throughout London. TfL have started a transition on the estate, to significantly improve the retail offering, to provide greater amenity for its customer base and deliver improved income for TfL. One area of our portfolio is street vending. TfL own 150 pitches which are used for retail services and are situated both in and outside of stations. All sites are managed under a licence based scheme. This is a flexible legal document which gives the occupier right to occupy the pitch and TfL the right to remove the occupier at any given time. Due to the nature of this licence, rates are not applicable and rents are based on a historic setting point with RPI increases annually. Therefore rents are not linked to turnover. TfL wish to appoint a supplier to manage the street vending pitches.