Concession award notice
Results of the procurement procedure
Section I: Contracting
authority/entity
I.1) Name and addresses
London Legacy Development Corporation
5 Endeavour Square
London
E20 1JN
UK
Contact person: Brian Walsh
Telephone: +44 2032881800
E-mail: brianwalsh@londonlegacy.co.uk
NUTS: UKI
Internet address(es)
Main address: www.queenelizabetholympicpark.co.uk
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Other: Regeneration
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Pudding Mill Lane Joint Venture Development Partner
II.1.2) Main CPV code
45211360
II.1.3) Type of contract
Works
II.1.4) Short description
London Legacy Development Corporation (‘LLDC’) has appointed a development partner to form a corporate joint venture (“JV”). The JV shall deliver the Pudding Mill Lane Development (‘the Site’) pursuant to a development agreement with LLDC (“DA”).
II.1.5) Estimated total value
Value excluding VAT:
600 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
600 000 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
70000000
70110000
70123100
70331000
73220000
45210000
II.2.3) Place of performance
NUTS code:
UKI41
Main site or place of performance:
Hackney and Newham
II.2.4) Description of the procurement
See II.1.4 above and note the following: 1) LLDC has appointed a developer partner to jointly deliver the development of the Site through a 50%/50% incorporated vehicle (the “JV”) which shall be governed by a joint venture agreement. 2) the DA shall provide ultimately for a leasehold interest of the Site to be granted to the JV. 3) the JV will deliver circa 950 new homes of mixed tenure and 30,000 square meters of non-residential space.
II.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months: 240
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Form of procedure
Award procedure with prior publication of a concession notice
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2023/S 000-001453
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
04/12/2024
V.2.2) Information about tenders
Number of tenders received: 2
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Countryside Properties (UK) Limited
00614864
Countryside House,, The Drive,, Brentwood
Essex
CM13 3AT
UK
NUTS: UKH3
The contractor is an SME:
No
V.2.4) Information on value of the concession and main financing terms (excluding VAT)
Total value of the concession/lot:
600 000 000.00
GBP
Revenue from the payment of fees and fines by the users: 1.00 GBP
Prizes, payments or other financial advantages provided by the contracting authority/entity: 1.00
Prizes, payments or other financial advantages provided by the contracting authority/entity: 1.00
Section VI: Complementary information
VI.3) Additional information
To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=909829177
GO Reference: GO-20241216-PRO-28909030
VI.4) Procedures for review
VI.4.1) Review body
London Legacy Development Corporation
5 Endeavour Square
London
E20 1JN
UK
Telephone: +44 2032881800
VI.5) Date of dispatch of this notice
16/12/2024