Teviot Estate Regeneration

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Estimated value

£940.0m

Awarded value

£940.0m

Awarded 22 Jan 2021

Suppliers

1

Lots

1

1 awarded

Published

11 Mar 2021

Deadline 22 Jan 2021

Description

Poplar HARCA is procuring a JV development partner to deliver a regeneration scheme to build approximately 1,800 - 2,500 homes at the Teviot Estate site. The regeneration must protect the close and strong community spirit, and deliver high quality homes, beautiful open spaces that feel welcoming and safe, and suitable infrastructure such as local shops. Poplar HARCA is responsible for the procurement, but the London Borough of Tower Hamlets (LBTH) is also a named contracting authority as it may later contribute land to the project and rely on the contract to deliver its regeneration outcomes. Only the land owned by Poplar HARCA is guaranteed within the scope of the contract. The contract will contain provisions which allow for the inclusion of the LBTH at a later date. No exclusivity is granted and it is at the sole discretion of Poplar HARCA and the LBTH to include such land. More information on the possible inclusion of the land is set out in the MOI.

Scope

Reference
BIP576068248
Total value
£940,000,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
28 Jan 2021 to 28 Jan 2041
CPV classifications
45000000

Submission & procedure

Submission deadline
22 Jan 2021, 12:00 am

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£940.0m

Award date

22 Jan 2021

Contract start

28 Jan 2021

Contract end

28 Jan 2041