Official UK procurement notice
Commercial Office Investment Portfolio Joint Venture
Authority: Places for London Limited (Public body)
What is being bought
Published requirement descriptionThe 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.
CPV: Buying and selling of real estate · Corporate finance and venture capital services · Development services of real estate
The lotProcurement structure
single lot · no lot value publishedWhat it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (2)
- Technical: 60%
- price: 40%
Published award criteria (2)
- Technical: 60
- Price: 40
- Successive reduction
- Candidates will be reduced successively across stages
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Competitive dialogue
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 20 May 2022, 08:26 BST
- Last source update
- 16 Aug 2023, 15:15 BST
- Authority reference
DN602184- FTS notice number
2023/S 000-024057- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-033b80Find a Tender
How it was run
Official notice- Submission deadline
- 22 Jun 2022, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
Timeline
22 Jun 2022 → 16 Aug 2023 · 2 dates- Submission deadline22 Jun 2022, 12:00 BST
- Notice published16 Aug 2023, 15:15 BST
Notice history
2 events · 2 releases on Find a Tender · since 16 Aug 2023- Status changed to complete16 Aug 2023, 15:15 BST
- Buyer details updated16 Aug 2023, 15:15 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Helical PLC | £1,100,000,000 †very large published value · not counted until verified, check the notice | — | Awarded |
Contracts
Contract 024057-2023-TfL95150-1 · Helical PLC
- Signed
- 11 Jul 2023
- Value
- £1,100,000,000
- Period
- … – 22 Jun 2034
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3bids · 3 electronic | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Transport for LondonReview bodyBody governed by public lawTransport activities
Bidders & participating suppliers
1 commercial party on the notice- Helical PLCAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.