Delivery Partner for Growing Brixton’s Rec Quarter – 49 Brixton Station Road and 6 Canterbury Crescent
Buyer: London Borough of Lambeth
- Published
- 19 March 2025
- Estimated value
- £161,978,600
- Place of performance
- UKI45
- Procedure
- Direct award
- Lots
- 1
- Notice number
- 010147-2025
- Reference
- ocds-h6vhtk-02a25a
- Official source
- Official source
CPV codes
- 70000000Real estate services
- 70100000Real estate services with own property
Description
The Council entered into a deed of variation with London Square Developments Limited (the Developer) and London Square Limited (the Guarantor) in relation to an existing development agreement between the parties (the Underlying Contract) which was entered into on 28 September 2022 to ensure the viability and deliverability of the scheme under the Underlying Contract. The key variations comprise a reduction in the minimum level of commercial workspace required in alignment with Local Plan policy for mixed-use regeneration schemes, a reduction in minimum affordable housing levels from 50% to 40% and a reduction in the Council's land receipt in line with revised financial modelling and which represents best consideration in today's market.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| London Square Developments | — | — |
Official publications
- FTS · 010147-2025 · 19 March 2025
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £161,978,600.
- Who is the buyer of this tender?
- The contracting authority is London Borough of Lambeth (United Kingdom).
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- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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