Development services of real estate

Tender description

The Llanelli Wellness and Life Science Project was established in May 2016 with the aim of integrating economic development, education, wellness initiatives, research and development, business development and healthcare initiatives to deliver transformational economic and social benefits. The Llanelli Wellness and Life Science Village (The Village) development will be located in Delta Lakes, an area within the Llanelli Waterside South area of the Llanelli Waterside Joint Venture. The Authority wishes to find a partner or partners with whom it will undertake the delivery of the Llanelli Wellness and Life Science Project. The project could be structured as a partnering development arrangement or through a joint venture. The Authority is considering the most appropriate structure for this project and proposals for the most effective structure are welcomed as part of the market sounding exercise. The Authority wishes to find a partner or partners with whom it will undertake the delivery of the Llanelli Wellness and Life Science Project. The project could be structured as a partnering development arrangement or through a joint venture. If a joint venture structure is adopted this could take the form of a contractual joint venture arrangement or involve the creation of a joint venture vehicle. The stakeholders for this project, and therefore the parties to any joint venture arrangement would comprise the Authority and its partner/s, and the delivery of the project would be undertaken pursuant to the joint venture arrangement. The Authority is considering the most appropriate structure for this project and proposals for the most effective structure are welcomed as part of the market sounding exercise. The Authority's core aspirations for the project are as follows: — To develop the identified land surrounding Delta Lakes, freehold title to which is held by the Authority [and Welsh Government], in accordance with the Authority's Masterplan and in doing so to deliver the social, economic and wellbeing goals of the project. — To manage the delivery of the project over the period of the build. — To identify income earning potential and opportunities for the project and over a longer period to develop and deliver such income streams and to share profits. — To take advantage of City Deal funding which may be available to fund the delivery of the project. The Authority welcomes proposals for the delivery of these core aspirations as part of the market sounding exercise. It is anticipated that: — The Wellness Hub, which includes leisure, aquatic, reception and information services and the Institute of Life Science and Training elements of the Community Health Hub and other designated business development facilities will be delivered(*) by the Authority and by the appointment of providers from its existing contractor frameworks although the management of those facilities may be undertaken by the joint venture partner/s. (*although the Authority is open to discuss all aspects being delivered by the appointed partner depending on external funding eligibility matters being addressed). — The remaining development elements of the scheme, all of which have income earning potential or saleable value, will be delivered by the successful partner (or relevant partner/s) and the cost of delivery will be offset by the sale, leasing or exploitation of the residential and commercial development of the site. — The Authority will achieve market value for the transfer of any land, where transfer is required for the delivery of the scheme. — The successful partner/s will share the goals of the Authority whilst bringing expertise in the exploitation of commercial opportunities within the relevant fields of health, education, leisure, commercial and residential development. — Day to day control of the delivery of development proposals will rest with the appropriate partner, and all partners will be expected to value engineer and optimise plot values in respect of the elements of the scheme for which they are responsible. — Should a joint venture vehicle be established, it will adopt, within its Business Plan and constitution, policies for governance risk management, audit, procurement strategy, social value and value for money protocols to reflect a well-managed high quality organisation. — The project will be structured in a manner which is State aid compliant. — Depending on the structure settled on, it is possible that a joint venture vehicle could be deemed a ‘contracting authority’ for the purposes of public procurement rules and/or a ‘public authority’ for the purposes of the Freedom of Information Act 2000. The Authority welcomes comment on these proposals and/or alternative proposals as part of the market sounding exercise and, in particular, as to whether its aspirations are achievable and the opportunities presented by the project attractive to the market.