3 mills studios future operator- sublease opportunity
London Legacy Development Corporation Limited (LLDC)contractContracts Finder ↗Ref BIP787714442closed
Estimated value
£16.0m
Awarded value
—
Suppliers
0
Lots
1
0 awarded
Published
14 Jun 2023
Deadline 14 Jul 2023
Description
The LLDC are seeking to dispose of their long leasehold interest in 3 Mills Studios by way of sublease agreement for a minimum of 10 years. LLDC have nurtured and supported the film and media sectors for many years and are now looking for a single business with significant experience of successfully operating a film studio to protect the film and studio use of the 3 Mills site, to take on the on- going asset management for the entire site and maintain rental income to LLDC at a rent in line with (or above) the current net operating position.
Scope
- Reference
- BIP787714442
- Total value
- £16,000,000 excluding VAT
- Commercial tool
- Standalone contract
- Contract dates
- 14 Dec 2023 to 14 Dec 2033
- CPV classifications
- 92111310
Submission & procedure
- Submission deadline
- 14 Jul 2023, 11:00 am