Housing and Regeneration Joint Venture Partner
- The Council is seeking a private sector partner to enter into a long term joint venture to carry out several schemes of residentially led regeneration.
- London Borough of Hammersmith and Fulham
- Housing and Regeneration Joint Venture Partner
- The Council is seeking a private sector partner to enter into a long term joint venture to carry out several schemes of residentially led regeneration. The Council has determined that a joint venture approach provides the best opportunities for the Council to make better use of certain assets and achieve its housing and regeneration objectives.
The Council is seeking a reputable partner who shares its vision and is able to demonstrate long term commitment to regeneration and high quality residential developments. In turn the Council’s partner will have the opportunity to create new market and affordable homes in one of London’s most sought after locations.
It is anticipated that the joint venture’s lifespan will be for an initial period of 15 years although there will be flexibility to extend for a further period. The Council has identified two development opportunities comprising residential sites which are in its ownership in Fulham – Watermeadow Court Estate and St Thomas’s Way (formerly known as Edith Summerskill House). These sites are expected to provide approximately 200 new homes over the first 5 years. Further sites, as yet undetermined, may be brought forward by the Council to maintain the housing development pipeline over the following 10 years.
The Council envisages that the joint venture will have the capacity to deliver up to 200 units in a five year cycle. Assuming three development cycles during the lifetime of the joint venture it is reasonable to expect that the gross development value could be between £65,000,000 (sixty five million pounds) to £200,000,000 (two hundred million pounds). The values are estimates only as the precise values are currently unknown and will depend on the number of sites delivered by the joint venture during the life of the contract.
The Council wishes to seek the views from the market in relation to the above proposals and intends to hold an informal Market Briefing Event for interested parties on Thursday 15th November 2012 at Hammersmith Town Hall, King Street, London, W6 from 10.00 until 12.00 (registration and refreshments from 09.30)
The nearest Underground train stations are Ravenscourt Park (District Line) or Hammersmith (Piccadilly, Circle, Hammersmith and City, District lines) which is approximately a 10 minute walk. We regret that car parking cannot be made available so attendees will have to make their own travel arrangements.
Parties who wish to attend are requested to register in advance by simply downloading the registration form on this webpage and uploading the completed copy back on to the site. In order to manage the day effectively, we would kindly request that each party limits their attendees to a maximum of three people.
The Market Briefing Event agenda will include a presentation by the Leader of Hammersmith and Fulham Council (Councillor Nicholas Botterill); an introduction to the opportunity; key objectives of the joint venture; an overview of the sites – St Thomas’ Way (formerly Edith Summerskill House) and Watermeadow Court; timeframes and our anticipated OJEU programme. There will be an opportunity to ask questions to the panel at the end of the presentations.
In advance of the event, you are invited to upload specific questions via this website (Market Event response document) and we will endeavour to answer as many as we can in the presentations. Please ensure that your questions are uploaded by no later than noon on Monday 12th November 2012. Regrettably we cannot guarantee that all questions will be addressed at the Briefing Event however, we will certainly respond to all questions (on this site) in due course. Please note your questions will remain anonymous.
Please note that any interested organisation unable to attend the marketing event will be able to view the responses to these queries (and any others raised on the day) on the days after the event has taken place through this site.
A Prior Information Notice was sent to the Official Journal of the European Union (OJEU) on 22 October 2012 for publication. The notice was published on 24 October 2012 in OJEU under reference 2012/205-336980 – (http://t ed.europa.eu/udl?uri=TED:NOTICE:336980-2012:TEXT:EN:HTML).
- Mr Neil Kirby
- Email Address:
- Town Hall
- 22/10/2012 14:00
- 19/11/2012 03:00
- 180 (months)
- 0 (months)