Tender: Redevelopment of the Wendling and St Stephen’s Close Estate, Gospel Oak — Procurement of JV Partner for c.650–750 New Homes
Released about 2 months ago
About
The Council is seeking a joint venture development partner to deliver the full redevelopment of the Wendling Estate and St Stephen’s Close in the Gospel Oak ward. The estate covers approximately 2.6 hectares and comprises 240 existing homes, including 191 council-tenanted homes and 49 leasehold properties. Residents voted in July 2021 in favour of full redevelopment; the proposals aim to deliver high-quality, energy-efficient, genuinely affordable and private homes, address overcrowding and antisocial behaviour, improve outdoor spaces and neighbourhood safety, replace the existing hostel and health centre, and improve the wider neighbourhood. Subject to Cabinet approval, the Council intends to procure a joint venture to deliver circa 650–750 new homes in accordance with the Landlord Offer that formed the basis of the resident ballot; the contract estimated value is £500m GDV.
This opportunity is aimed at joint venture developers or residential regeneration partners capable of delivering a c.£500m GDV regeneration of approximately 650–750 homes on a 2.6-hectare council estate. Key considerations include meeting the commitments of the Landlord Offer and resident ballot (July 2021), delivering replacement hostel and health centre facilities, addressing overcrowding and antisocial behaviour, improving outdoor spaces, and that procurement is subject to Cabinet approval.
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Typical £4.3M to £36.5MAgency spend history
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