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Official procurement procedure

Commercial Office Investment Portfolio Joint Venture

Buying and selling of real estate
Corporate finance and venture capital services
Development services of real estate
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Places for London: "Commercial Office Investment Portfolio Joint Venture". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityPlaces for LondonScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Places for London
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Places for London. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
2.5Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 2 active published awards; 2 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityPlaces for London
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published16 Aug 2023, 15:15 BST
Last source update16 Aug 2023, 15:15 BST
Recurring procurementNot published
ClassificationBuying and selling of real estate, Corporate finance and venture capital services, Development services of real estate
Delivery area
UK
OCIDocds-h6vhtk-033b80
What is being bought
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.
What changed
From the official release history
  1. Status changed to complete
    16 Aug 2023, 15:15 BST
  2. Official notice release published
    16 Aug 2023, 15:15 BST
  3. Submission deadline changed to published date
    16 Aug 2023, 15:15 BST
  4. Buyer information updated
    16 Aug 2023, 15:15 BST
  5. Status changed to active
    20 May 2022, 08:26 BST
  6. Official notice release published
    20 May 2022, 08:26 BST
  7. Submission deadline changed to 22 Jun 2022, 12:00 BST
    20 May 2022, 08:26 BST
  8. Buyer information updated
    20 May 2022, 08:26 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    16 Aug 2023, 15:15 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 11 Jul 2023, 00:00 BST · £1,100,000,000
Commercial outcome and competition
Awards
Helical PLC
Not published · Not published · active
Contracts
Contract
£1,100,000,000 · signed 11 Jul 2023, 00:00 BST · active
Bid statistics
bids: 3 (lot 1)
electronicBids: 3 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 0 (lot 1)
smeBids: 0 (lot 1)
Buyer and organisations in this procedure

Places for London

Contracting authority GB-FTS-90359
View buyer profile

  • Places for London
    buyer

    5 Endeavour Square, London, UKI, E20 1JN
    officeinvestmentportfolio@tfl.gov.uk
    +44 111111

  • Helical PLC
    supplier

    5 Hanover Square, London, UK, W1S 1HQ

  • Transport for London
    reviewBody

    5 Endeavour Square, London, E20 1JN
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published