The successful developer will negotiate a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop and build a new multi-storey industrial development.
75 Bugsby’s Way SE10 0QJ
GLA Land and Property Limited
- Construction work – 45000000
- Architectural, construction, engineering and inspection services – 71000000
Location of contract
Value of contract
£25,400,000 to £106,943,267
4 October 2022
1 November 2022
Contract start date
23 June 2023
Contract end date
22 June 2030
Contract is suitable for SMEs?
Contract is suitable for VCSEs?
75 Bugsby’s Way is a 3.38- acre industrial site on the Greenwich Peninsula, with excellent links to central London and from the M25. It is owned by Greater London Authority Land and Property (GLAP). The site has significant potential for intensive industrial/logistics development that is expected to attract a variety of businesses and provide employment opportunities to the local community.
The GLA is undertaking a procurement for the development of this site as part of the Mayor’s plans to regenerate the Greenwich Peninsula.
The successful developer will negotiate a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop and build a new multi-storey industrial development. The successful developer will then need to find tenants to generate a return.
Previous notice about this procurement
- Published 4 October 2022
- Additional text
- The key objectives of the procurement include:
The development of a multi-level industrial/logistics scheme with a wide range of unit sizes/types, including SME space;
The production of a façade design that is reflective of the innovative nature of the building;
sustainability, both during and after construction;
achieving commercial value for the site; and
meeting prospective occupiers’ demands;
achieving local economic development benefits
The successful developer will own a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop, and build a multi-storey industrial/logistics development. Responsibility for attaining planning consent will lie with the successful developer.
How to apply
Follow the instructions given in the description or the more information section.