Commercial Office Investment Portfolio Joint Venture
A Contract Award Notice
by PLACES FOR LONDON
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- not specified
- Value
- £1B
- Sector
- BUSINESS
- Published
- 16 Aug 2023
- Delivery
- not specified
- Deadline
- n/a
Concepts
Location
United Kingdom:
1 buyer
- Places for London London
1 supplier
- Helical London
Description
The Opportunity comprises the Bank Over Station Development (OSD), Paddington Triangle OSD and Southwark OSD development sites. The selected partner will form a Joint Venture (JV) with TfL to develop the sites into best in class, sustainable office assets that will drive returns for both partners. It is anticipated that the partner and TfL will continue to hold the developed assets in joint venture post practical completion and leasing to benefit from the rental income. Additional office led development sites may be acquired by the JV at a later stage.
Total Quantity or Scope
The JV will develop the three sites with the delivery of c. 600,000 ft2 net internal area of office space and ancillary retail space. Planning permission has been received and implemented for Bank OSD and Paddington OSD. Southwark OSD has received resolution to grant planning permission.
Award Detail
| 1 | Helical (London)
|
Award Criteria
| Technical | 60 |
| price | 40 |
CPV Codes
- 70110000 - Development services of real estate
- 66122000 - Corporate finance and venture capital services
- 70120000 - Buying and selling of real estate
Other Information
** PREVIEW NOTICE, please check Find a Tender for full details. **
Reference
- ocds-h6vhtk-033b80
- FTS 024057-2023