Competition with a shortlist
Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.
Key facts
- Buyer
- Places for London · Body governed by public law
- Supplier
- Helical PLC
- Value
- £1,100,000,000
- Procedure
- Competitive dialogue
- Sector
- Financial & insurance services · Corporate finance and venture capital services (CPV 66122000)
- Region
- London
- Official notice
- 024057-2023 on Find a Tender
- Timeline
-
- Contract date11 Jul 2023
- Published16 Aug 2023Published 36 days after the contract date
Description
The Opportunity comprises the Bank Over Station Development (OSD), Paddington Triangle OSD and Southwark OSD development sites. The selected partner will form a Joint Venture (JV) with TfL to develop the sites into best in class, sustainable office assets that will drive returns for both partners. It is anticipated that the partner and TfL will continue to hold the developed assets in joint venture post practical completion and leasing to benefit from the rental income. Additional office led development sites may be acquired by the JV at a later stage. The JV will develop the three sites with the delivery of c. 600,000 ft2 net internal area of office space and ancillary retail space. Planning permission has been received and implemented for Bank OSD and Paddington OSD. Southwark OSD has received resolution to grant planning permission.
About the supplier
Helical PLC: every public contract they have won.