Havering Estate Regeneration Partner - Property/Asset JV Company

The Council is seeking to appoint a partner to form a long term corporate joint venture property vehicle (on a 50:50 ownership basis) to secure investment and expertise to deliver Havering's housing led regeneration strategy. The initial programme is anticipated to involve 12 sites across the borough delivering in the region of 3000 new homes. The scheme will involve opportunities for development sales in partnership with the Council. The housing led development of sites may also involve a degree of mixed-use development including, but not limited to office, commercial, leisure, retail, community and public realm space being delivered ancillary to the residential focus and as part of the overall complex. The duration of the JV will be for 15 years with options to extend for further periods totalling up to 15 years. The Concession Notice for this project can be found at http://ted.europa.eu/udl?uri=TED:NOTICE:185114-2017:TEXT:EN:HTML

Additional information: The opportunity is a major regeneration and development project to deliver new housing in the London Borough of Havering. The opportunity will focus on Council owned sites throughout the borough (including but not limited to the initial 12 sites) and potentially other sites acquired by the Council (including through the JV) during joint venture period. The JV will focus on delivering housing within the borough for the commercial private sale sector, shared ownership and affordable housing.

Estimated value range of the eventual procurement may be in the range of: £650 million - £800 million in relation to the initial twelve sites. The estimated value relates to the estimated gross development value in the market of the developed assets.

Further information and details about the scope of the procurement are set out in the Memorandum of Information as part of the procurement documents available at https://www.capitalesourcing.com/web/login.shtml . The partner will be required to provide services including (but not limited to) master planning; strategic development consultancy advice; environmental consultancy advice; technical and building services; architectural design; urban design and landscaping; physical construction and development; land assembly; possible refurbishment of assets and marketing and disposal of development assets.

The initial estates identified for regeneration are: Waterloo Estate; Queen Street; Napier House and New Plymouth House; Serena, Solar and Sunrise; Oldchurch Gardens; Maygreen Crescent, Park Lane; Dell Court; Royal Jubilee Court; Delderfield House; Brunswick Court; Chippenham Road, Farnham Road, Hilldene Avenue; and Delta TMO Estate with the first 4 sites prioritised for development.

The partner may be required to actively participate in the achievement of help achieve social and/or environmental policy objectives relating to recruitment and, training and supply-chain initiatives. . Accordingly contract performance conditions may relate to these in particular to social and environmental considerations. The Concession Contracts Regulation 2016 (CCR 2016) applies to the award. The Council intends to follow a process similar to the Competitive Dialogue procedure in the Public Contracts Regulations 2015 (as amended) (PCR 2015). It reserves the right to deviate from the formalities of the PCR 2015 in conducting the competition due to the flexibilities permitted by the CCR 2016. Award criteria and further concession documents will be provided at the start of the competitive dialogue stages to bidders that are shortlisted to participate. Expressions of interest applications must be by way of completion and return of the selection questionnaire (SQ) (in accordance with the requirements set out in the SQ by the time limit set out in the Concession Notice (http://ted.europa.eu/udl?uri=TED:NOTICE:185114-2017:TEXT:EN:HTML). The SQ is available via https://www.capitalesourcing.com/web/login.shtml.