Old Oak Private Sector Partner Procurement

Location

London:

Description

This notice is to inform the market of a procurement process to appoint a Private Sector Partner ("PSP") to support Old Oak and Park Royal Development Corporation ("OPDC") to deliver the comprehensive regeneration at Old Oak. OPDC proposes to work with the PSP through a long-term Joint Venture ("JV") which will oversee and manage the delivery of the mixed-use development throughout its lifecycle in accordance with the vision and strategic objectives for Old Oak. Old Oak comprises around 31 hectares of brownfield land. The regeneration of Old Oak is expected to deliver approximately 8,000 homes, including affordable housing, alongside up to 200,000 sq m of commercial and community space, the creation of a new canal-side neighbourhood and a major town centre, and new community facilities, parks, and open spaces.

Renewal Options

The initial term of the PSP contract is 20 years from contract commencement, with an option for OPDC to extend for an additional 10 years in total. The contract terms will govern any obligations that continue beyond contract expiry, including completion of ongoing delivery activities.

Award Criteria

CPV Codes

• 45000000 - Construction work
• 70000000 - Real estate services

Indicators

• Renewals are available.

Other Information

Anchored by the new Old Oak Common station where High Speed 2, the Elizabeth line, the Great Western Mainline and Heathrow Express all intersect, Old Oak will become a major new gateway between London and the rest of the country, presenting a unique opportunity to deliver a new urban district in West London. More information about the opportunity is set out in the associated tender documents, including the Memorandum of Information which can be accessed via the SAP Ariba procurement portal, instructions for access can be found below. Associated tender documents, including the Memorandum of Information and Procurement Specific Questionnaire (PSQ) are being provided at the same time as this tender notice via the SAP Ariba procurement portal. For access instructions, see the Submission section below. OPDC undertook early market engagement, details of which were set out in the Prior Information Notice (PIN) published on 22 October 2024, notice identifier: 2024/S 000-034203. Two rounds of one-to-one meetings were then held between November 2024 and February 2025. The documents issued to participants and a summary report setting out the outcomes of the engagement are available on the procurement portal. ** PREVIEW NOTICE, please check Find a Tender for full details. **