Awarded Contractocds-h6vhtk-030575

3 Thames Road Newham - residential Agreement for Lease

The Contracting Authority proposes to enter into an Agreement for Lease with a developer and a proposed landowner under which, if the developer develops 161 residential units (comprising a mixture of private rent, discount market rent and London affordable rent units) at 3 Thames Road, Newham by an agreed longstop date, the Contracting Authority will take a 50-year lease of the property, with an agreement to purchase the reversion at the end of the lease term.

Buyer

London Borough of Newham

Value

£104,950,000

Published

23 Dec 2021

Closes

23 Dec 2021

Procurement details

Source

Find a Tender

Region

Hackney and Newham

Procurement method

Limited

Category

Works

Contract starts

Not provided

Contract ends

Not provided

CPV classifications

45211360

Urban development construction work

45211300

Houses construction work

45211340

Multi-dwelling buildings construction work

45211341

Flats construction work

45211350

Multi-functional buildings construction work

45215214

Residential homes construction work

Lots

Lot 1 3 Thames Road Newham - residential Agreement for Lease

£104,950,000

The Contracting Authority proposes to enter into an Agreement for Lease with a developer and a proposed landowner under which, if the developer develops 161 residential units (comprising a mixture of private rent, discount market rent and London affordable rent units) at 3 Thames Road, Newham by an agreed longstop date, the Contracting Authority will take a...

Delivery: Hackney and Newham

Documents

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Contains public sector information licensed under the Open Government Licence v3.0.