Published date: 28 March 2018

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 17 May 2017

Contract summary

Industry

  • Real estate services - 70000000

Location of contract

London

Value of contract

£0 to £4,000,000,000

Procurement reference

tender_134513/651842

Published date

28 March 2018

Closing date

17 May 2017

Contract start date

15 March 2018

Contract end date

14 March 2043

Contract type

Service contract

Procedure type

Competitive dialog

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The Secretary of State for Transport (SoS) is delivering a new terminus station for High Speed 2 at Euston Station. Network Rail (NR) are owners of the adjacent "Conventional Station" and surrounding lands. SoS and NR have brought together their land holdings at Euston, creating an estate capable of accommodating significant commercial and residential development and have prepared a Masterplan to quantify the development potential of the Euston Estate. SoS and NR (together, the Contracting Authorities) have entered into a Collaboration Agreement to effectively pool their respective ownerships in the public interest and also to streamline decision making between the Contracting Authorities.

The Overarching Objectives of the Contracting Authorities are to: deliver a high quality mixed use development of the Euston Estate, create significant economic and social benefits for the local, regional and national economy and maximise financial returns from a development of the Euston Estate.

The Contracting Authorities have jointly procured an MDP to support the delivery of the Overarching Objectives. The Contracting Authorities have entered into a Contract with the MDP (the Development Agreement and ancillary agreements) to govern the terms of the development of the Euston Estate. The terms of the Contract are designed to secure the delivery of the Overarching Objectives and other key deliverables, broadly covering the following stages:

Stage 1 - Masterplanning and Stations Interface,
Stage 2 - Outline Planning Application,
Stage 3 - Plot Progress,
Stage 4 - Estate Management.

The Contract together with an agreed form of Business Plan embodies the agreed deliverables and will together be the key documents for judging the performance of the MDP, and contains performance criteria against which the MDP will be measured across the life of the scheme.

It is envisaged that the Contract will extend for a period of 25 years unless terminated earlier in specified circumstances, and it may be extended by agreement between the parties (up to a total duration of 40 years).

More information

Previous notice about this procurement

Euston Over Site Development (OSD) - Master Development Partner (MDP)

  • Opportunity
  • Published 13 April 2017

Award information

Awarded date

15 March 2018

Contract start date

15 March 2018

Contract end date

14 March 2043

Total value of contract

£4,000,000,000

This contract was awarded to 1 supplier.

Lendlease Europe Holdings Limited

Address

20 Triton Street, Regent's Place, London, NW1 3BF

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Secretary of State for Transport (SoS) and Network Rail Infrastr

Address

High Speed Two (HS2) Ltd, Two Snowhill, Queensway
Birmingham
B4 6GA
England

Email

scc@hs2.org.uk

Website

https://www.gov.uk/government/organisations/high-speed-two-limited