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Official procurement procedure

Regis Road Regeneration

Land sale or purchase services
London (UKI31)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: London Borough of Camden: "Regis Road Regeneration". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityLondon Borough of CamdenScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: London Borough of Camden
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for London Borough of Camden. 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
7.8Bids / Report
9.1% 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: 44 active published awards; 44 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 Unpublished data stays unknown.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 AuthorityLondon Borough of Camden
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
Published6 Apr 2023, 16:08 BST
Last source update6 Apr 2023, 16:08 BST
Recurring procurementNot published
ClassificationLand sale or purchase services
Delivery area
London (UKI31)
OCIDocds-h6vhtk-03bd7b
What is being bought
The Council has agreed a conditional land sale agreement whereby it intends to sell leasehold interests in two Council-owned sites to YC CFQ Limited (“the buyer”): (1) The land and buildings comprising the Council’s Holmes Road Depot and Flats 1- 21 and Flats 1 – 4 situated on the north-west side of Holmes Road at the junction with Spring Place and 76 and 78 Holmes Road respectively, Kentish Town in the London Borough of Camden and held under registered title NGL32828 (2) The land comprising the Council’s Regis Road Reuse and Recycling Centre and Car Pound situated at Regis Road, Kentish Town in the London Borough of Camden and held under registered title NGL517100 (“the sites”). The Council’s aspiration is that the sites will be used by the buyer for the purposes of a comprehensive redevelopment of the Regis Road Growth area, to include film and television studios, post production and creative office space, as well as significant residential development and education and exhibition space. The sale of leasehold interests in the site will be conditional, inter alia, upon planning permission being obtained by the buyer which allows for such redevelopment, and which also allows for the re-provision of Council offices, facilities and Council-owned homes which are currently located on the sites.
What changed
From the official release history
  1. Status changed to complete
    6 Apr 2023, 16:08 BST
  2. Official notice release published
    6 Apr 2023, 16:08 BST
  3. Buyer information updated
    6 Apr 2023, 16:08 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The Council has negotiated the sale of leasehold interests in the sites with YC CFQ Ltd. Contracts were exchanged on 05 April 2023.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    6 Apr 2023, 16:08 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 6 Apr 2023, 00:00 BST · £1
Commercial outcome and competition
Awards
YC CFQ Limited
Not published · Not published · active
Contracts
Regis Road Regeneration
£1 · signed 6 Apr 2023, 00:00 BST · active
Bid statistics
bids: 1 (lot 1)
electronicBids: 0 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 0 (lot 1)
smeBids: 0 (lot 1)
Buyer and organisations in this procedure

London Borough of Camden

Contracting authority GB-FTS-33168
View buyer profile

  • London Borough of Camden
    buyer

    London Borough of Camden, 5 Pancras Square, London, UK, N1C 4AG
    jonathan.lam@camden.gov.uk
    +44 2079746504

  • Cabinet Office
    reviewBody

    London

  • YC CFQ Limited
    supplier

    3rd Floor, Liberation House, Castle Street, St Helier, UK, JE1 2LH
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThe Council has not conducted a procurement in accordance with the Regulations before agreeing to sell leasehold interests in the sites to the buyer. The primary purpose of the Contract is to dispose of interests in land, a type of transaction which falls outside the scope of the Regulations. Notwithstanding the primary purpose of the Contract, the Council identified that the contract may result in the buyer constructing or procuring the construction of works, and providing related services, for the purposes of reproviding the facilities, offices and housing which are currently located on the sites, at alternative nearby sites. The Council has concluded, however, that that aspect of the Contract does not serve to bring the Contract within the scope of the Regulations, and did not require that it be subject to advertisement and a tender process, for the following reasons: (1) The reprovision of facilities, offices and housing is subsidiary to the primary objective of the Contract, which is to dispose of interests in land. (2) The buyer will have no enforceable obligation under the Contract, either immediate or contingent, to provide works or services to the Council. The Contract provides for the current occupation of the sites to continue, through the grant of underleases, once the buyer acquires leasehold interests over the sites. The buyer is then to have the option of reproviding facilities, offices and housing, and terminating underleases as appropriate when new facilities/offices/housing are available. It will not be required to do so. If it does not do so within a longstop period provided for within the Contract, then the Council will have the option to require the buyer to sell the leasehold interests back to the Council, or to a third party, at a price provided for in the Contract. Similarly, in relation to the fit-out of any new facilities, offices or housing, the buyer is to have the option to undertake fit-out works, but it cannot be required to do so, and if it does not do so it must make a contribution to the cost of the Council undertaking the fit-out works. (3) In the absence of any enforceable legal obligation to carry out works or provide services, the Council considers that the Contract is not capable of constituting a public works or public services contract.