Real estate services

Tender description

TfL is running a procurement to appoint a joint venture development partner for an around station development (ASD) at South Kensington station. The ASD will be an exemplary mixed use development (with opportunities including but not limited to retail, residential and office space). Refurbishment, full retention and new build opportunities exist across the site, estimated to accommodate between 50 000 and 100 000 ft² of commercial and residential floor space. South Kensington is one of the busiest stations in London, used by 30 000 000 passengers per annum. TfL also has plans to deliver a substantial upgrade to station capacity, which will include accessibility and aesthetic improvements. It is anticipated that the initial stage of the joint venture will be approximately 5 years from the date of contract award (subject to provisions for extension and early termination in any resulting contract) but a long leasehold interest will also be granted to the joint venture. For further information, please refer to the Memorandum of Information.