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Tender Details
- Country: United Kingdom
- Summary: Commercial Office Investment Portfolio Joint Venture
- GBT Ref No: 66724356
- Deadline: 22 Jun 2022
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: 900000000
- Notice Type: Tender
- Document Ref. No.: TFL001-DN602184-59154256
- Purchaser's Detail :
- Description :
- Title : Commercial Office Investment Portfolio Joint Venture
Location Of Contract : England
Industry : Corporate finance and venture capital services - 66122000 Development of non-residential real estate - 70112000 Buying and selling of real estate - 70120000 Construction management services - 71540000
Value Of Contract : £900,000,000
Description : TfL is commencing a procurement process to appoint a joint venture development and investment partner for the Opportunity. The Opportunity comprises the Bank Over Station Development (OSD), Paddington Triangle OSD and Southwark OSD development sites. The selected partner will form a Joint Venture (JV) with TfL to develop the sites into best in class, sustainable office assets that will drive returns for both partners. It is anticipated that the partner and TfL will continue to hold the developed assets in joint venture post practical completion and leasing to benefit from the rental income. Additional office led development sites may be acquired by the JV at a later stage.The JV will develop the three sites with the delivery of c. 600,000 ft2 net internal area of office space and ancillary retail space. Planning permission has been received and implemented for Bank OSD and Paddington OSD. Southwark OSD has received resolution to grant planning permission. An overv... - Documents :
Purchaser : TRANSPORT FOR LONDON
5 Endeavour Square LONDON E20 1JN England
Contact Person : Paul O'Dowd
Email :OfficeInvestmentPortfolio@tfl.gov.uk
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