TfL 95052 Bollo Lane Opportunity

Concepts

• real estate
• bollo lane
• the bollo lane site
• tfl 95052 bollo lane opportunity
• lane
• tfl
• 95052
• bollo
• development services
• ttl high barnet properties limited

Location

London

Description

In January 2022, Transport for London (TfL) commenced a procurement process to appoint a joint venture partner (JVP) to provide property development services for a multi-phased and mixed used development at the Bollo Lane site in Acton, West London. The opportunity consisted of the development of Phase 1 and Phase 2 of the Bollo Lane site. The opportunity also included options in relation to the development of Phase 3 of the Bollo Lane site, an additional site at Ealing Common Depot and additional sites from within TfL’s portfolio located in West London (Additional West London Site(s)). A Contract Award Notice (reference: 2023/S 000-012442) was published on 02 May 2023 confirming the decision to select BDW Trading Limited as the JVP. The option for Additional West London Sites has now been exercised for a site at High Barnet Station Car Park and adjoining land on Barnet Hill, Barnet forming part of the property registered at the Land Registry with title number NGL72676 (High Barnet Site).

Total Quantity or Scope

Transport for London (TfL) undertook a competitive dialogue procurement process in 2022 to appoint a joint venture partner (JVP) to provide property development services for West London. The first site being Bollo Lane, Acton Town. The Contract Award Notice reference: 2023/S 000-012442. The opportunity included options in relation to the development of Additional West London Sites. The Additional West London Sites option has been exercised in accordance with the mechanisms foreseen in the original procurement documents for the development of the High Barnet Site. A joint venture agreement was entered into by and between TTL High Barnet Properties Limited, London Underground Limited, Places for London Limited, and BDW Trading Limited on 25 October 2024 to develop the High Barnet Site (the High Barnet Joint Venture). The total value of BDW's share of the High Barnet Joint Venture is £60.48m.

Award Detail

Renewal Options

In January 2022, Transport for London (TfL) commenced a procurement process to appoint a joint venture partner (JVP) to provide property development services for a multi-phased and mixed used development at the Bollo Lane site in Acton, West London. The opportunity consisted of the development of Phase 1 and Phase 2 of the Bollo Lane site. The opportunity also included options in relation to the development of Phase 3 of the Bollo Lane site, an additional site at Ealing Common Depot and an additional site or sites from within TfL’s portfolio located in West London (Additional West London Site(s)). This notice concerns the exercise of the Additional West London Sites option for the development of the High Barnet Site.

Award Criteria

CPV Codes

• 70110000 - Development services of real estate

Indicators

• Options are available.
• Award on basis of price.