75 Bugsby's Way, Multi-Level Industrial Development and Disposal

Tender description

This variation is being undertaken to accommodate a change in the estimated fee for Phase 2 submitted at tender stage. GLA Land and Property is using its assets to deliver on the Mayor's priorities within the new London Plan. The site, 75 Bugsby's Way, has been identified as a suitable site for industrial intensification, as per policy E7 of the new London Plan. The detailed objectives are to: - Deliver an exemplar, innovative and forward-thinking multi-level industrial facility that offers the highest levels of sustainability in its construction and operation; - Demonstrate good design, and high-quality architectural approaches that are mindful to its surrounding context; - Offer a resilient building, with a range of unit sizes to cater for strategic and local demand; including space for logistics and SME occupiers; and - Prioritise employee welfare in this next generation of industrial building. GLAP wants to partner with an industrial development expert to bring forward this multi-level building. As one of London's first multi-level industrial facilities, a strong public/private partnership will mitigate risk for both parties and ensure the relevant expertise is on-board to deliver an exemplar, innovative and successful model of industrial development for London. GLAP has a range of investment approaches and can be flexible in the way it can be involved in the partnership, from an investment (capital or revenue-based) and occupational perspective (e.g. head lease). GLAP needs to make a commercial return through the partnership. As part of the services the Consultant shall be required to: 1. Undertake structured market testing to determine the procurement route and delivery strategy: and 2. Support the GLA to dispose of 75 Bugsby's Way.