Development services of real estate

Tender description

Transport for London (TfL) is considering launching a procurement process to appoint a joint venture property development partner for multi-phased, mixed use redevelopment of two current transport operations sites in Acton, West London. These well connected residential led opportunities are within a few hundred metres of each other and should deliver c.1 700 new homes, over 2 000 m2 of commercial employment space, circa 500 m2 of retail and significant public realm improvements. The first part of the opportunity at Bollo Lane is the subject of a hybrid planning application submitted on 20 March 2020, which has a detailed application for a 195 home residential block which includes 520 m2 of B1 commercial space and an outline application for multiple blocks totaling 657 homes and additional B1 commercial space and some retail provision. The second part of the opportunity is north of Acton Town Station and comprises part of the land that makes up Ealing Common Depot. Detailed pre-application advice has been given supporting a development that could deliver over 800 new homes. It is anticipated that the first part of this opportunity (at Bollo Lane) will come forward into the joint venture ahead of the second part (Land at Ealing Common Depot) and that the triggers/structure for this second part coming forward are being considered. Prior to initiating the procurement, TfL is seeking initial market feedback from interested parties. Details of how to participate in the process and obtain further information is included below. TfL is considering launching a procurement process to appoint a joint venture property development partner to provide development management, construction management and delivery and property sales services for multi-phased, mixed use redevelopment of two current transport operations sites in Acton, West London. The sites will be offered to market on a long leasehold basis. Site 1 – Bollo Lane Bollo Lane is a 2.8-hectare site located directly south of Acton Town London Underground Station, along the west side of Bollo Lane. It is currently occupied by a mix of operational and light industrial tenants but will be vacated prior to disposal. A hybrid planning application was submitted on the 20 March 2020 to the London Borough of Ealing. This includes a full detailed application for a 195 home, 25 storey block at the southern point of the site that includes 514 m2 of B1 (a, b, c) commercial space and significant public realm improvements and an outline application taking the opportunity up to 900 new homes, 2 110 m2 of (B1a/b/c) commercial space and 133 m2 of (A1/2/3/4/5) retail. The development creates access to Acton Town Station via new pedestrian footway linked by a mixture of curated landscape spaces providing a rich, connected street experience and a brand-new identity for Bollo Lane. Site 2 — Land at Ealing Common Depot This 2.6-hectare site is located to the north of Acton Town London Underground Station. It is currently occupied by operational tenants and is home to London Transport Museum (LTM) storage facility. The operational buildings will be vacated prior to disposal however a replacement storage facility for the LTM will need to be provided as part of the development proposals. Clear and well-defined requirements for the replacement facility will be provided during the procurement process. A formal pre-application process has been undertaken with the London Borough of Ealing which has established an acceptable residential density of around 800 new homes plus a new storage facility for LTM. TfL may seek to pursue an outline application on the site alongside this procurement process. It is anticipated that the first part of this opportunity (at Bollo Lane) will come forward into the joint venture ahead of the second part (Land at Ealing Common Depot) and that the triggers/structure for this second part coming forward are being considered. TfL may elect to tender both sites as a package with the appointed developer being responsible for developing sites 1 and 2. As part of early market engagement, feedback is welcomed on this approach and TfL’s proposed commercial structure for such an arrangement. The estimated total value listed at II.1.5). is based on a combined anticipated development value for site 1 (Bollo Lane) and site 2 (Land at Ealing Common Depot). The anticipated development value of site 1 (Bollo Lane) is in the region of GBP 350 million. The anticipated development value for site 2 (Land at Ealing Common Depot) is in the region of GBP 320 million. The development value is based on up to date market analysis and includes 50 % on-site affordable housing by habitable room. Density levels have been established by working with the local planning authority and the Greater London Authority (GLA). Affordable housing TfL has a commitment to help deliver the much-needed affordable homes that London requires and therefore we are targeting an on-site affordable housing provision of 50 % by habitable room. Design quality TfL want to continue to promote the high-quality design we are renown for and are seeking a partner to deliver on our design principles. These are: • long term stewardship of public assets: 1.1) purposeful, generous and curated places, 1.2) relate to and depend on their neighbourhoods, 1.3) places that increase in value; • people at the heart of development: 1.1) places people are proud to live in, 1.2) celebrate the qualities of urban living, 1.3) founded on transparent engagement and best practice. Sustainability statement TfL development projects must embody sustainable development best practice, integrating economic sustainability and responsibility, with high environmental performance and social wellbeing. Developments are expected to adhere to high work standards, using responsible and low impact construction practices. Developments should be designed to enhance residents’ mental and physical wellbeing, safety and comfort while generating minimum carbon, water, energy and waste. Developments should aim to improve the local urban realm, adopting the healthy streets approach and maximising biodiversity and green space on-site. Developments should seek to improve access to sustainable transport infrastructure, implement inclusive design principles and provide economic benefits and social facilities to the local area and its residents. Potential partners will be required to work with TfL to development proposals that meet the requirements of its sustainable development framework. Vision zero To further the Mayor's Vision Zero approach to road danger reduction the successful party will be required to comply with work related road risk (WRRR), freight operator recognition scheme (FORS), direct vision standards (DVS) and construction logistics and cycle safety (CLOCS) standards to help make London’s roads safer. Further details on the standards can be found here: https://tfl.gov.uk/info-for/deliveries-in-london/delivering-safely/work-related-road-risk TfL is now seeking expressions of interest (EOI) and market feedback in the form of a market sounding questionnaire (MSQ) from parties who may be interested in the development opportunity. To submit an EOI/MSQ and access an opportunity summary pack please sign up at: https://procontract.due-north.com/ Please register your interest/submit your organisations MSQ response by 12 p.m. Thursday 6 August 2020 using the following link: https://procontract.due-north.com/Advert?advertId=5c4e6a91-b9c5-ea11-8104-005056b64545 (or searching Procontract opportunities with ‘TfL 95052 Bollo Lane Opportunity’). Following receipt of EOI’s TfL may elect to undertake early market engagement with suppliers in the form of a all supplier briefing or individual consultations with interested parties. TfL reserves the right to use the information garnered from the EOI/MSQ responses to inform the procurement process and may share any feedback (without attribution to the respondent). TfL's current intention is to tender the opportunity using the competitive dialogue procedure as defined in the Public Contracts Regulations 2015, however, TfL reserves the right to use an alternative procedure. The choice of procedure will be confirmed in the contract notice.