Redevelopment of the Wendling Estate and St Stephen’s Close
Key Details
Estimated Value
£500,000,000
Deadline
Not specified
Contract Period
Not specified
Procurement Method
Not specified
CPV Code
70123000 - Sale of real estate
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28
out of 100
Challenging for many SMEs
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Key requirements
Extracted from the notice; check the official documents.
- Estimated value
- £500m
- Contract period
- 1 Dec 2027 to 30 Mar 2040 (12 years 4 months)
- Legal basis
- Procurement Act 2023
- Delivery location (NUTS/ITL)
- UKI31 (London)
- CPV codes
- 70123000 Sale of real estate; 70111000 Development of residential real estate; 70120000 Buying and selling of real estate; 45211300 Houses construction work; 45211340 Multi-dwelling buildings construction work; 70000000 Real estate services
- Suitability (buyer's flag)
- VCSE-suitable
Description
The Wendling Estate is a council estate located in the Gospel Oak ward, with St Stephen’s Close immediately adjacent. Together they are known as the Wendling and St Stephen’s Close Estate, covering approximately 2.6 hectares and comprising 240 existing homes, including at the time of writing 191 Council-tenanted homes and 49 leasehold properties. The regeneration of the Wendling Estate and St Stephen’s Close is an important part of the Council’s Community Investment Programme. Residents voted in favour of full redevelopment of the Estate in July 2021 because they wanted new homes, better outdoor spaces, and a safer, more welcoming neighbourhood. The redevelopment proposals aim to deliver high-quality, energy efficient, genuinely affordable and private homes that meet residents’ needs and address long standing issues facing the existing Estate, such as overcrowding and antisocial behaviour. The Council intends, subject to Cabinet approval, to procure a joint venture development partner to deliver a redevelopment of the estate comprising circa 650-750 high-quality, sustainable new homes; replace the existing hostel and health centre; and improve the existing neighbourhood for current and future residents. The redevelopment will be delivered in accordance with the Landlord Offer that formed the basis of the resident ballot. The contract estimated value is £500m GDV (Gross Development Value). Please refer to the instructions set out in the ‘Engagement Process Description’ section below for details on how to participate in this process.
Suitability
Who won
No award has been published for this tender, and we have no earlier award notices from London Borough of Camden in this sector.
From award notices on Find a Tender and Contracts Finder. SME or Large is the size the supplier declared on the notice (or, where it is silent, on its latest notice). Values are as published.
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