Published date: 20 November 2024
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.
Contract summary
Industry
Construction work - 45000000
Site-development work - 45111291
Building construction work - 45210000
Construction work for multi-dwelling buildings and individual houses - 45211000
Multi-dwelling buildings construction work - 45211340
Multi-functional buildings construction work - 45211350
Urban development construction work - 45211360
Construction work for buildings relating to leisure, sports, culture, lodging and restaurants - 45212000
Construction work for commercial buildings, warehouses and industrial buildings, buildings relating to transport - 45213000
Construction work for commercial buildings - 45213100
Real estate services - 70000000
Development of residential real estate - 70111000
Development of non-residential real estate - 70112000
Buying and selling of real estate - 70120000
Sale of residential real estate - 70123100
Location of contract
London
Value of contract
£190,000,000 to £370,000,000
Procurement reference
20241120130936-18
Published date
20 November 2024
Closing date
23 December 2024
Closing time
12pm
Contract start date
10 September 2025
Contract end date
16 September 2026
Contract type
Works
Procedure type
Negotiated procedure
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
The London Borough of Lambeth is seeking a Development Partner to bring forward the renewal of the Westbury Estate through a Development Agreement on a long leasehold basis.
The Westbury Estate is located on Wandsworth Road, Clapham, SW8 3LG in the northwest of the borough, on the boundary with the London Borough of Wandsworth at Heathbrook Park. Outline planning permission was obtained in 2018 (Planning ref: 17/05991/OUT) for a comprehensive redevelopment masterplan, consisting of 270 new homes. Phase 1 of the masterplan was subsequently delivered in 2021 through a S106 agreement by St James, providing 64 new affordable homes for residents at social rent (Planning ref: 17/06112/FUL).
The Development Partner would be responsible for redesigning the masterplan and securing planning permission. Upon the grant of planning consent and the discharge of other conditions, would also be responsible for funding construction stage and the sale and marketing of the residential homes and commercial units, plus other development costs on the project.
The Development Partner may be a Registered Provider who, is a developer in their own right and leads the design, delivery, and funding of the entire project or, a delivery consortium consisting of a Development Partner who leads the design, delivery and funding of the project in partnership with a Registered Provider. The Registered Provider would secure GLA grant funding (as required), buy the affordable homes at completion and manage them as landlord, in accordance with the requirements set by the Regulator of Social Housing.
London Borough of Lambeth will retain full nominations rights for the social rent homes at completion. The Council requires a minimum provision of 35% affordable housing in addition to various other requirements such as a net zero-carbon development and the Development Partner meeting all costs associated with the procurement process, plus a resident ballot should it be required for example.
The Council reserves the right to amend the Invitation to Tender (ITT). It shall not amend the ITT evaluation criteria after the ITT is sent to the selected bidders.
More information
Links
About the buyer
Contact name
Fola Duyile
Address
Town Hall, Brixton Hill
London
SW2 1RW
ENG
Telephone
+44 02079260644
Website
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Closing: 23 December 2024, 12pm
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