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Prior information notice
This notice is for prior information only
Section I: Contracting authority
I.1)Name and addresses
I.4)Type of the contracting authority
Section II: Object
II.1)Scope of the procurement
Havering Estate Regeneration Partner — Property/Asset JV Company.
II.1.2)Main CPV code
II.1.3)Type of contract
The Council is planning a future procurement exercise to appoint a partner to form a long term corporate joint venture property vehicle (on a 50:50 ownership basis) to secure investment and expertise to deliver Havering's housing led regeneration strategy. The initial programme is anticipated to involve 12 sites across the borough delivering in the region of 3 000 new homes. The scheme will involve opportunities for development sales.
The Council intends to invite soft market testing responses during March and April 2017 from interested organisations with expertise relating to property development and management to inform the procurement exercise which is planned to commence in May 2017.
Market consultation to explore technical and commercial approaches with providers will commence at MIPIM and also involve other soft market testing events to be organised by the Council.
II.1.5)Estimated total value
II.1.6)Information about lots
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
Priority areas for regeneration within the borough include sites in Waterloo Gardens, New Plymouth and Napier, Solar, Serena and Sunrise Courts, Queen Street, Hornchurch, Rainham and Gidea Park.
II.2.4)Description of the procurement:
The opportunity is a major regeneration and development project to deliver new housing in the London Borough of Havering. The opportunity will focus on Council owned sites throughout the borough (including but not limited to the initial 12 sites) and potentially other sites acquired by the Council (including through the JV) during joint venture period. The JV will focus on delivering housing within the borough for the commercial private sale sector, shared ownership and affordable housing.
Estimated value range of the eventual procurement may be in the range of: 650 000 000 GBP— 800 000 000 GBP in relation to the initial twelve sites. The estimated value relates to the estimated gross development value in the market of the developed assets.
The partner will be required to provide services including (but not limited to) master planning; strategic development consultancy advice; environmental consultancy advice; technical and building services; architectural design; urban design and land.
The Council will look to explore various issues during a soft market testing exercise, including the sites on offer, the legal form/structure of the joint venture vehicle (e.g. a company or LLP), the optimum duration of programme, the attractiveness and viability of the opportunity to the market, the operation and governance of the joint venture and due diligence requirements.
II.3)Estimated date of publication of contract notice:
Section IV: Procedure
IV.1.8)Information about the Government Procurement Agreement (GPA)
Section VI: Complementary information
The Council is looking to gauge interest in the proposed JV at MIPIM in Cannes 14-17.3.2017. Please join Neil Stubbings and Steve Moore for the launch at: Local London stand, London Stand-MIPIM 2017, Wednesday 15.3.2017, 15:00-16:00.
If you would like to speak to us at MIPIM then please contact: Neil Stubbings, Director of Housing and Regeneration, 01708 432 970, email@example.com
If you would like to participate in forthcoming market engagement please contact Robert Pert, Savills, firstname.lastname@example.org
For more information please see http://www.investinhavering.co.uk
VI.5)Date of dispatch of this notice: