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 or any other incorporated or unincorporated structure. The Authority is not committed to any particular structure. The structure for this project will be discussed in dialogue and proposals for the most effective structure are welcomed as part of the dialogue process. 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 or any other incorporated or unincorporated structure. The structure for this project will be discussed in dialogue and proposals for the most effective structure are welcomed as part of the dialogue process. 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, 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 dialogue. 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 (‘DP Elements’), of which many have income earning potential or saleable value, will be delivered by the partnership and the cost of delivery will be offset by the sale, leasing or exploitation of the residential and commercial opportunities arising from within the village development. — 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 each partner will be expected to value-engineer and optimise plot values in respect of the elements of the scheme for which it is 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 proposals and/or alternative proposals as part of the dialogue.