Strategic Property Development Partner

Award outcome

Description

Warwickshire County Council ("the Council") and its wholly owned property company Warwickshire Property & Development Company ("WPDC") are seeking a strategic property development partner to fund, develop and undertake sales activity across a programme of schemes primarily throughout Warwickshire via a 50:50 joint venture ("JV") arrangement. The Council is proposing 6 sites from its landholdings portfolio to be committed to the JV from the outset. These sites have the potential to deliver circa 2,000 residential units and associated commercial development. In addition there will be the potential for the Council to offer additional sites to the JV from its significant portfolio. The JV could also purchase its own sites from a third party or the JV partner could offer sites to the JV. Further information and details about the scope of the procurement are set out in the broader procurement suite including appendices which are made available via www.csw-jets.co.uk The Concession Contracts Regulations 2016 apply to this Project. Additional information: The estimated value represents the potential value of the development and services. However, potential returns will depend on many commercial factors including (but not limited to) the performance of the developer and market conditions. Bidders should therefore seek independent legal and commercial advice in relation to the potential value of the opportunity.

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