75 Bugsby's Way, London, SE10 0QJ
GLA Land and Property Limited · London
Key facts
- Estimated value
- £106,943,267
- Closing date
- 01 Nov 2022
- Contract starts
- 22 Jun 2023
- Contract ends
- 22 Jun 2030
- Procedure
- Negotiated procedure
- Buyer type
- Other public body
Description
75 Bugsby's Way is a 3.38- acre industrial site on the Greenwich Peninsula, with excellent links to central London and from the M25. It is owned by Greater London Authority Land and Property (GLAP). The site has significant potential for intensive industrial/logistics development that is expected to attract a variety of businesses and provide employment opportunities to the local community.
The GLA is undertaking a procurement for the development of this site as part of the Mayor's plans to regenerate the Greenwich Peninsula.
The successful developer will negotiate a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop and build a new multi-storey industrial development. The successful developer will then need to find tenants to generate a return.
Additional information: The key objectives of the procurement include:
The development of a multi-level industrial/logistics scheme with a wide range of unit sizes/types, including SME space;
The production of a façade design that is reflective of the innovative nature of the building;
sustainability, both during and after construction;
achieving commercial value for the site; and
meeting prospective occupiers' demands;
achieving local economic development benefits
The successful developer will own a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop, and build a multi-storey industrial/logistics development. Responsibility for attaining planning consent will lie with the successful developer.
Categories (CPV)
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