Strategic development partner for the regeneration of the Hayes Town Centre and Avondale Drive Estates and a pipeline of strategic projects

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Estimated value

£230.0m

Awarded value

Suppliers

0

Lots

1

0 awarded

Published

27 Jul 2021

Deadline 26 Aug 2021

Description

The Authority is seeking to appoint a partner to form a long term development and regeneration vehicle to secure investment and expertise to deliver the Authority's redevelopment of the Hayes Town Centre and Avondale Drive estates. The redevelopment projects are expected to deliver in the region of 750 mixed tenure new homes. The scheme will involve opportunities for development sales. The redevelopment at the Hayes Town Centre and Avondale Drive estates is estimated to run for a period of eight (8) to ten (10) years to reflect the envisaged construction and sales programmes. In addition The Authority will also expect the delivery partner to sign up to a strategic partnering agreement to deliver the future pipeline projects for an initial term of ten(10) years, extendable for a period of five (5) years.

Scope

Reference
MT223435
Total value
£230,000,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
30 Mar 2022 to 30 Mar 2032
CPV classifications
45000000

Submission & procedure

Submission deadline
26 Aug 2021, 4:00 pm