Published date: 15 November 2023

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 15 January 2024, 2pm

Contract summary

Industry

  • Recreational, cultural and sporting services - 92000000

Location of contract

London

Value of contract

£22,500,000

Procurement reference

BIP814785543

Published date

15 November 2023

Closing date

15 January 2024

Closing time

2pm

Contract start date

1 June 2024

Contract end date

2 June 2034

Contract type

Service contract

Procedure type

Other: Not Disclosed

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The Contracting Authority London Legacy Development Corporation (LLDC) wishes to
secure a new operator to undertake a 10 year operation and maintenance lease (with an option to extend for a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit (AMO) located in Queen Elizabeth Olympic Park in Stratford, East London.

The estimated total value based on how the AMO operated and is maintained today across the maximum lease duration of 15 years is £22,500,000. Dependent on proposed future use of the AMO (which is subject to regulatory approvals) the estimated total value across the maximum lease duration of 15 years is £30,000,000.

More information

Links

About the buyer

Address

5 Endeavour Square
Stratford
UK-London
E20 1JN
UK

Telephone

+447834464416

Email

RobertHughes@londonlegacy.co.uk