Awarded contract

3 Thames Road Newham - residential Agreement for Lease

Details

Value
GBP 104,950,000
Topic
Houses construction work
Published
23 December 2021

Tender description

The Contracting Authority proposes to enter into an Agreement for Lease with a developer and a proposed landowner under which, if the developer develops 161 residential units (comprising a mixture of private rent, discount market rent and London affordable rent units) at 3 Thames Road, Newham by an agreed longstop date, the Contracting Authority will take a 50-year lease of the property, with an agreement to purchase the reversion at the end of the lease term. Lot 1: The Contracting Authority proposes to enter into an Agreement for Lease with a developer and a proposed landowner under which, if the developer develops 161 residential units (comprising a mixture of private rent, discount market rent and London affordable rent units) at 3 Thames Road, Newham by an agreed longstop date, the Contracting Authority will take a 50-year lease of the property, with an agreement to purchase the reversion at the end of the lease term. Additional information: The total value of the procurement referred in 11.1.7 above does not take account of inflationary rent increases during the 50 year lease term.

Timeline

  1. Completed: Award date2 November 2021
  2. Completed: Award published23 December 2021
    Current notice

About the buyer

London Borough of Newham 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

  • 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
  • 45215214 · Residential homes construction work

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Decision makers

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