Camley Street Regeneration - Developer Partner

Concepts

• urban development
• camden
• appointment of a development partner
• development partner
• development sites
• camley street regeneration - developer partner
• term of the development agreement
• expression of the estimated gross development value
• site development work
• development services

Location

Description

The London Borough of Camden seeks the appointment of a development partner for the delivery of the “Camley Street” development sites.

Total Quantity or Scope

The London Borough of Camden (the “Council”) has committed to the regeneration of 120-136 Camley Street and 3-30 Cedar Way, Kings Cross. The ambition is to deliver a sustainable new neighbourhood consisting of new homes, Knowledge Quarter led employment space and new public green and open spaces. The vision commits to the delivery of genuinely affordable homes and affordable workspace which will enhance job opportunities, training, and skills for residents. In September 2022 the Council’s Cabinet approved the delivery strategy for the Camley Street sites. The Council is now seeking a Development Partner with the right skill set, including life sciences expertise, to partner with the Council in the delivery of the Sites. Once appointed, teams will work collaboratively on a planning application to be submitted covering both Sites, linking them in a cohesive way, focussing on delivering the Shared Vision through placemaking and quality outcomes. The Development Partner will work collaboratively with the Council to secure a joint planning application covering both sites. On grant of planning, the site/phase consideration will be due for payment and the Development Partner will be granted a 250 year long lease (s) on Cedar Way. The Development Partner can then progress delivery of the Cedar Way site including the specialist Knowledge Quarter commercial space, as well as private housing, some affordable housing. The Council will directly deliver affordable housing and affordable workspace at 120-136 Camley Street. There is potential for adjacent land opportunities to become available to the Development Partner during the term of the Development Agreement (as more fully described in the Development Brief). If this land becomes available to the Development Partner the estimated GDV set out at 11.2.6 will increase. The estimated construction value of Cedar Way is c. £200m. The term of the Development Agreement is expected to be a minimum five (5) years until Practical Completion of the development of Cedar Way and the establishment of the long-term management for the site. Additional information: Interested parties are required to sign in or register (free of charge) to access the procurement documents via the link given at I.3. The estimated total value shown in II.1.5 and II.2.6 is an expression of the estimated gross development value (GDV). The Council reserves the right to terminate the process at any time prior to award of contract. The Council does not bind itself to accept any new tender received and reserves the right to call for new tenders should they consider this necessary. The Council shall not be liable for any costs or expenses incurred by any tenderer in connection with the completion and return of information requested in this contract notice or the completion or submission of any tender.

CPV Codes

• 45211360 - Urban development construction work
• 45000000 - Construction work
• 45111291 - Site-development work
• 45210000 - Building construction work
• 45211340 - Multi-dwelling buildings construction work
• 45211350 - Multi-functional buildings construction work
• 45220000 - Engineering works and construction works
• 70000000 - Real estate services
• 70110000 - Development services of real estate
• 70120000 - Buying and selling of real estate
• 70123000 - Sale of real estate
• 70123200 - Sale of non-residential estate
• 70130000 - Letting services of own property
• 70200000 - Renting or leasing services of own property
• 70300000 - Real estate agency services on a fee or contract basis
• 71315200 - Building consultancy services
• 71530000 - Construction consultancy services
• 71540000 - Construction management services

Indicators

• This is a one-off contract (no recurrence)
• Renewals are not available.
• Professional qualifications are sought.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** The Council is keen to ensure that the procurement is open to a wide market and that there is genuine competition. The resources and range of services needed are such that the Council understands that it may receive applications from either a single organisation or organisations that may wish to collaborate to form a consortium for bidding purposes.