Northstowe Phase 2 - Land Collaboration Agreement

Tender description

Homes England has entered into a Land Collaboration Agreement with Keepmoat and Capital and Centric covering undeveloped land in an around the centre of Northstowe, Cambridgeshire. The objectives of the Agreement are - to deliver residential and commercial development on the Property in accordance with Outline Permission and Existing s106 agreement (and s106 agreements from time to time) as varied from time to time; agree an accelerated programme for the delivery; maximise the land receipts; and adding where appropriate and applicable social value. It is envisaged, that when agreement is reached, each Developer will draw down land separately. As there are two Developers party to the Agreement, the lot structure within this notice has been used to ensure sufficient information is disclosed. Note that as the Agreement has no consideration attached, in order to complete this notice, notional values of 1 GBP is included to ensure mandatory fields are completed. Lot 1: The Land Collaboration Agreement establishes the role of the First Developer (this lot) and the Second Developer (Lot 2). The responsibilities of each Developer are the same. Each Developer will present development proposals to Homes England. If these proposals demonstrate compliance with the core requirements of Northstowe (including land value) they will be able to draw down the land on a conditional freehold, phased basis, subject to planning. Note that the information disclosed at II.2.5 is mandatory information and that balanced reasoning was established for progressing the Land Collaboration Agreement without prior publication rather than a detailed evaluation criteria. Note that the information disclosed at V.2 reflects the engagement during this process with two parties as an award without prior publication. Lot 2: The Land Collaboration Agreement establishes the role of the Second Developer (this lot) and the First Developer (Lot 1). The responsibilities of each Developer are the same. Each Developer will present development proposals to Homes England. If these proposals demonstrate compliance with the core requirements of Northstowe (including land value) they will be able to draw down the land on a conditional freehold, phased basis, subject to planning. Note that the information disclosed at II.2.5 is mandatory information and that balanced reasoning was established for progressing the Land Collaboration Agreement without prior publication rather than a detailed evaluation criteria. Note that the information disclosed at V.2 reflects the engagement during this process with two parties as an award without prior publication.