Westbury Estate Renewal

2024-11-20

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Published date: 20 November 2024

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Construction work - 45000000

Site-development work - 45111291

Building construction work - 45210000

Show additional CPV codes for this notice

Construction work for multi-dwelling buildings and individual houses - 45211000

Multi-dwelling buildings construction work - 45211340

Multi-functional buildings construction work - 45211350

Urban development construction work - 45211360

Construction work for buildings relating to leisure, sports, culture, lodging and restaurants - 45212000

Construction work for commercial buildings, warehouses and industrial buildings, buildings relating to transport - 45213000

Construction work for commercial buildings - 45213100

Real estate services - 70000000

Development of residential real estate - 70111000

Development of non-residential real estate - 70112000

Buying and selling of real estate - 70120000

Sale of residential real estate - 70123100

Location of contract

London

Value of contract

£190,000,000 to £370,000,000

Procurement reference

20241120130936-18

Published date

20 November 2024

Closing date

23 December 2024

Closing time

12pm

Contract start date

10 September 2025

Contract end date

16 September 2026

Contract type

Works

Procedure type

Negotiated procedure

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Contract is suitable for VCSEs?

Description

The London Borough of Lambeth is seeking a Development Partner to bring forward the renewal of the Westbury Estate through a Development Agreement on a long leasehold basis.

The Westbury Estate is located on Wandsworth Road, Clapham, SW8 3LG in the northwest of the borough, on the boundary with the London Borough of Wandsworth at Heathbrook Park. Outline planning permission was obtained in 2018 (Planning ref: 17/05991/OUT) for a comprehensive redevelopment masterplan, consisting of 270 new homes. Phase 1 of the masterplan was subsequently delivered in 2021 through a S106 agreement by St James, providing 64 new affordable homes for residents at social rent (Planning ref: 17/06112/FUL).

The Development Partner would be responsible for redesigning the masterplan and securing planning permission. Upon the grant of planning consent and the discharge of other conditions, would also be responsible for funding construction stage and the sale and marketing of the residential homes and commercial units, plus other development costs on the project.

The Development Partner may be a Registered Provider who, is a developer in their own right and leads the design, delivery, and funding of the entire project or, a delivery consortium consisting of a Development Partner who leads the design, delivery and funding of the project in partnership with a Registered Provider. The Registered Provider would secure GLA grant funding (as required), buy the affordable homes at completion and manage them as landlord, in accordance with the requirements set by the Regulator of Social Housing.

London Borough of Lambeth will retain full nominations rights for the social rent homes at completion. The Council requires a minimum provision of 35% affordable housing in addition to various other requirements such as a net zero-carbon development and the Development Partner meeting all costs associated with the procurement process, plus a resident ballot should it be required for example.

The Council reserves the right to amend the Invitation to Tender (ITT). It shall not amend the ITT evaluation criteria after the ITT is sent to the selected bidders.