Published date: 25 March 2018

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: 23 April 2018

Contract summary

Industry

  • Real estate services - 70000000

  • Land sale or purchase services - 70122000

Location of contract

London

Value of contract

£4,500,000 to £4,950,000

Procurement reference

20180325173027-18

Published date

25 March 2018

Closing date

23 April 2018

Contract start date

20 August 2018

Contract end date

20 August 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?

Yes

Description

The three sites next to Larkhall Park are currently underutilised and have been identified as an opportunity to deliver a high quality residential led development to include a policy compliant level (50% onsite with 70% Social Rent 30% Intermediate Rent split) of affordable housing. An appropriate quantum of commercial use in the form of flexible business/community floor space is also required to help offset the loss of existing business and community uses on Site 1 and Site 3 respectively. A high quality development is critical to improve the local environment and in particular offer an opportunity to enhance the settings of the adjacent park and heritage assets next to Site 2. In that regard the Friends of Larkhall Park are a very important stakeholder that the selected development partner must proactively engage with during the planning phase.
The concept design that accompanies the ITT has been positively tested with the Local Planning Authority and therefore assists with some parameter setting for prospective tenderers. However, the Council has not set an upper limit on the number of residential units to be provided across the sites and will be assessing the urban design principles which inform the developer's design proposals including height, massing and density. It is anticipated that the three sites will come forward as a single planning application unless it can be demonstrated that this will be prejudicial to delivery or programme.
The Council does not have a specific occupational/operational requirement for the commercial floor space and will not be looking to take an occupational interest in it. However, the Council will require an Option in the Development Agreement to acquire the entire floor space, or part thereof, from the successful bidder at a price in line with the value attributed to it within the Tenderer's bid.

More information

Links

About the buyer

Contact name

Helen Lee

Address

8th Floor, Phoenix House, 10 Wandsworth Rd
London
SW8 2LL
ENG

Telephone

+44 2079269365

Email

hlee@lambeth.gov.uk

Website

www.lambeth.gov.uk