3 mills studios future operator- sublease opportunity

London Legacy Development Corporation Limited (LLDC)contractFind a TenderRef ocds-h6vhtk-03d64732014L0024closed for bids
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Estimated value

£16.0m

services

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
ocds-h6vhtk-03d647
Total value
£16,000,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
02 Sept 2023 to 31 Aug 2028
Main category
services
Contract locations
Hackney and Newham

Submission & procedure

Submission deadline
14 Jul 2023, 11:00 am
Submission address
https://www.delta-esourcing.com/tenders/UK-title/NPB5S9MKNV
Procedure
Restricted procedure