Published date: 14 June 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: 14 July 2023, 12pm

Contract summary

Industry

  • Entertainment film production - 92111310

Location of contract

London

Value of contract

£16,000,000

Procurement reference

BIP787714442

Published date

14 June 2023

Closing date

14 July 2023

Closing time

12pm

Contract start date

14 December 2023

Contract end date

14 December 2033

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?

No

Contract is suitable for VCSEs?

No

Description

The LLDC are seeking to dispose of their long leasehold interest in 3 Mills Studios by way of sublease agreement for a minimum of 10 years. LLDC have nurtured and supported the film and media sectors for many years and are now looking for a single business with significant experience of successfully operating a film studio to protect the film and studio use of the 3 Mills site, to take on the on- going asset management for the entire site and maintain rental income to LLDC at a rent in line with (or above) the current net operating position.

More information

Links

About the buyer

Address

5 Endeavour Square
Stratford
London
E20 1JN
UK

Telephone

+447834464416

Email

RobertHughes@londonlegacy.co.uk