Published date: 24 February 2017

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: 28 March 2017

Contract summary

Industry

  • Development of non-residential real estate - 70112000

Location of contract

North West

Value of contract

£200,000

Procurement reference

DN244040 - GMPFL/NC/967

Published date

24 February 2017

Closing date

28 March 2017

Contract start date

3 July 2017

Contract end date

6 July 2020

Contract type

Service contract

Procedure type

Restricted procedure

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Contracting Authority wishes to procure a development partner for the proposed redevelopment of the Island Site, John Dalton Street, Manchester. The Contracting Authority is seeking to undertake a redevelopment at the site, which will comprise offices on the upper floors and A3 uses on the ground floor. The development partner will be expected to provide an equity contribution towards the funding of development costs. The Contracting Authority is prepared to provide debt finance to the JV on market terms and is also prepared to match the development partner's equity contribution with its own equity. The Contracting Authority will consider debt to the JV from third party sources.
The selected development partner will be required to enter into a joint venture agreement with the Contracting Authority to cover the delivery of the project. The selected development partner will also be required to providedevelopment management services to the joint venture.

More information

Links

About the buyer

Contact name

Andrew Hall

Address

Guardsman Tony Downes House, 5 Manchester Road, Droylsden
Manchester
M43 6SF
England

Telephone

01613017203

Email

andrew.hall@tameside.gov.uk