Closed tender

Development of residential real estate

Details

Buyer: London Borough of Havering
Value: GBP 800,000,000
Topic: Demolition, site preparation and clearance work
Published: 12 May 2017
Submission: 13 June 2017
Source: TedNotices

Tender description

The Council is seeking to appoint a partner to form a long term corporate joint venture property vehicle (on a 50:50 ownership basis) to secure investment and expertise to deliver Havering's housing led regeneration strategy. The initial programme is anticipated to involve 12 sites across the borough delivering in the region of 3 000 new homes. The scheme will involve opportunities for development sales in partnership with the Council. The housing led development of sites may also involve a degree of mixed-use development including, but not limited to office, commercial, leisure, retail, community and public realm space being delivered ancillary to the residential focus and as part of the overall complex. The JV duration will be for an initial period of 15 years, with extension periods of 5 years, up to a maximum duration of 30 years. The opportunity is a major regeneration and development project to deliver new housing in the London Borough of Havering. The opportunity will focus on Council owned sites throughout the borough (including but not limited to the initial 12 sites) and potentially other sites acquired by the Council (including through the JV) during the joint venture period. The JV will focus on delivering housing within the borough for the commercial private sale sector, shared ownership and affordable housing. Estimated value range of the eventual procurement may be in the range of: GBP 650 million — GBP 800 million in relation to the initial twelve sites. The estimated value relates to the estimated gross development value in the market of the developed assets. Continues at III.2.2 below. Further information and details about the scope of the procurement are set out in the Memorandum of Information as part of the procurement documents available at https://www.capitalesourcing.com/web/login.shtml

Timeline

Completed: Tender published12 May 2017
Current notice
Completed: Submission date13 June 2017

About the buyer

London Borough of Havering is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

45111000 · Demolition, site preparation and clearance work
45112700 · Landscaping work
45112710 · Landscaping work for green areas
45112711 · Landscaping work for parks
45211300 · Houses construction work
45211340 · Multi-dwelling buildings construction work
45211341 · Flats construction work
45211350 · Multi-functional buildings construction work
45211360 · Urban development construction work
45212000 · Construction work for buildings relating to leisure, sports, culture, lodging and restaurants
45213100 · Construction work for commercial buildings
45213112 · Shop units construction work
45213150 · Office block construction work
45223300 · Parking lot construction work
65300000 · Electricity distribution and related services
70000000 · Real estate services
70110000 · Development services of real estate
70111000 · Development of residential real estate
70121100 · Building sale services
70331000 · Residential property services
70332200 · Commercial property management services
71000000 · Architectural, construction, engineering and inspection services
71200000 · Architectural and related services
71222000 · Architectural services for outdoor areas
71313400 · Environmental impact assessment for construction
71313420 · Environmental standards for construction
71314200 · Energy-management services
71314300 · Energy-efficiency consultancy services
71315200 · Building consultancy services
71315300 · Building surveying services
71410000 · Urban planning services
71420000 · Landscape architectural services
71500000 · Construction-related services
71520000 · Construction supervision services
71521000 · Construction-site supervision services
73220000 · Development consultancy services
79410000 · Business and management consultancy services
79412000 · Financial management consultancy services
79418000 · Procurement consultancy services
90712100 · Urban environmental development planning

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@london-borough-of-havering.gov
Commercial Director	+44 •••• ••••••	••••••••@london-borough-of-havering.gov
Procurement Manager	+44 •••• ••••••	••••••••@london-borough-of-havering.gov
Category Lead	+44 •••• ••••••	••••••••@london-borough-of-havering.gov
Senior Buyer	+44 •••• ••••••	••••••••@london-borough-of-havering.gov
Contracts Manager	+44 •••• ••••••	••••••••@london-borough-of-havering.gov