Ilford Western Gateway JV Partnership

Concepts

• ilford
• real estate
• council in land assembly
• ilford town centre
• ilford western gateway
• ilford western gateway jv partnership
• western gateway site
• ilford western gateway development
• jv partnership arrangement
• significant amounts of the western gateway site

Location

Description

The London Borough of Redbridge (the “Council”) is seeking to establish a joint venture (“JV”) between the Council and a development partner (the “PSP”) in relation to the Ilford Western Gateway development. The Council is seeking to deliver comprehensive regeneration across the Western Gateway site, delivering a ‘world class neighbourhood in a world class city’. The Western Gateway site will deliver a residential led, mixed use development, delivering up to 1,000 new homes alongside commercial and community uses. Future sites may also be offered to the JV at the Council’s discretion. The Council is seeking a PSP to help realise its ambitions for the Western Gateway, with delivery through a 50/50 JV partnership arrangement. The proposed legal and commercial structure is set out in detail within the Key Commercial Principles document and draft contract documents and will be established through the procurement process but it is envisaged that the structure will see both parties having an equal equity interest. The Council is seeking to invest its land as equity, with the option to provide additional cash equity where required, with the PSP bringing finance and development expertise. The PSP will be expected to provide (but not limited to) development management services with a fee payable for the provision of these services. The JV, the PSP (or a member of its group or consortium) may also provide construction works and services to the Council. The PSP will also be required to support the Council in land assembly activities. While the Council owns significant amounts of the Western Gateway site, there are other landowners who hold an interest and the partners will work together to consolidate land ownership and bring forward the comprehensive development of the site.

Total Quantity or Scope

The Council is seeking a PSP to realise its ambitions to deliver regeneration across Ilford Town Centre. The Ilford Western Gateway site is the flagship site in the town centre and will deliver a residential led, mix use development including up to 1,000 new homes, alongside commercial and community uses. The Council’s overall vision for the Western Gateway is to create: ‘A world class liveable and sustainable neighbourhood in a world class city. Beautiful well designed connected garden spaces used by people enjoying living, cultural, learning, shopping, and leisure experiences through the day and evening’ The Council is actively driving regeneration in the town centre having already invested in the Cultural Quarter and other parts of the high street. The Council has also developed a spatial framework for the Western Gateway site which sets out the placemaking principles that the development will need to have regard to. The principles put public realm first and green connected spaces at the heart of the framework and the Council is actively committed to investing in the realignment of the road gyratory, creating more of a street network, which will in turn unlock the vision for the Western Gateway. The Council is seeking to procure a PSP with whom to establish a 50/50 JV to deliver its aspirations for the Western Gateway. The partnership arrangement will see the Council investing its land into the JV as equity with the option to provide additional cash equity where required. It is expected that the PSP will provide finance and services to the JV. Services will include (but not limited to) development management. The PSP will receive a fee for the services it provides to the JV. … The Council may require the JV, PSP (or a member of its group or consortium) to manage the delivery of works associated with changes to the gyratory. The Council and PSP’s interest is in the JV will be established through the procurement process but as set out in the Key Commercial Principles document and draft contract documents (available on the Portal), it is envisaged that both partners will hold an equal equity interest and will jointly make decisions to drive forward the delivery of the site. The preferred structure and governance arrangements are also set out in the Key Commercial Principles document. The Council has significant land ownership across the site, though there are other landowners with interests in the site. However, the Council is in already in dialogue with each of the landowners and have passed a resolution to undertake a Compulsory Purchase Order (CPO) to bring all land interests under its ownership should this be necessary. This will enable the delivery of comprehensive development across which is required to realise the regeneration ambitions of the Council for this area. The PSP will be required to support the Council in land assembly activities as required once the JV has been formed. Furthermore the Council may choose to offer the JV other sites in the town centre or across the borough for housing development, alongside the JV providing construction services for community assets. Future opportunities will be offered to the JV at the Council’s discretion. Further details of this opportunity are set out in the procurement documents. Please see Section V1.3 for details relating to the procurement documents being released at this stage. Additional information: The procurement will be conducted in accordance with the Public Contracts Regulations 2015 as amended, and successor legislation which may follow, using the competitive dialogue procedure as set out in Regulation 30 of the Public Contracts Regulations 2015.

Renewal Options

The Council anticipates discussing with bidders during the competitive dialogue procedure the possibility of being granted option(s) to extend the contract period in a number of periods up to an overall maximum extension of 60 months

CPV Codes

• 70000000 - Real estate services
• 45000000 - Construction work
• 70331000 - Residential property services
• 70332000 - Non-residential property services
• 71500000 - Construction-related services

Indicators

• This is a one-off contract (no recurrence)
• Options are available.
• Renewals are available.
• Professional qualifications are sought.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** The Selection Questionnaire and the Memorandum of Information can be accessed via the Portal. The Council will evaluate Candidates' responses to the SQ and intends to shortlist 5 Candidates in accordance with the process set out in the SQ. The Council then intends to issue an Invitation to Participate in Dialogue (‘ITPD’) and Draft Invitation to Submit Outline Solutions (‘ISOS’) to those bidders that have been selected to be invited to participate in dialogue. The Draft ITPD, Draft ISOS, Key Commercial Principles document and draft Contracts are being issued at this SQ stage via the Portal to explain the proposed approach to the procurement process and the proposed core commercial and legal terms underpinning the proposed JV with the PSP. The issue of this draft documentation is for information only and does not amount to an invitation to participate in dialogue and/or to submit an outline solution. All information on the process and communication shall be accessed and conducted via the Council’s e-procurement portal London Tenders https://procontract.due-north.com. The Council is hosting a procurement launch event on 8 July 2021. Please register for the webinar here: ilfordjv.co.uk. Following the event, the Council intends to make available on the Portal the materials from the webinar. Future general updates can also be accessed via ilfordjv.co.uk The Council reserves the right not to award the contracts in whole or in part, to abandon, terminate, amend or re-wind the procurement process and does not bind itself to accept any tender. The Council shall not be liable under any circumstances for any costs, charges or expenses incurred by any Candidate or bidder in responding to this notice or in taking part in the procurement process.