Mayfield Partnership Ltd

Description

The development of the Mayfield Site (a 24 acre site on the edge of Manchester city centre — details of which can be found at http://mayfieldmanchester.live.jll.com/) is a major mixed use urban regeneration project. Mayfield Partnership Ltd seeks a Private Sector Developer Partner (PSDP) to join a Joint Venture Vehicle (JVV)to redevelop the site. The successful PSDP will be required to bring to the JVV imagination, flair and commercial acumen to ensure the delivery of a high quality, mixed use scheme. The PSDP will be responsible for the delivery of a wide range of development activity including masterplanning, site assembly, development in accordance with relevant SRF,planning applications, enabling infrastructure provision, procurement of construction contractors for the re-development, securing capital/funding and delivery of asset management/disposal which may involve marketing and positioning. Further details are provided in the procurement documentation. Applicants should note the possibility that further elements may ultimately form part of this contract opportunity.Whilst it is not anticipated that the full range of options will be identified during the procurement process Mayfield Partnership Ltd recognises that: — Network Rail owns (or will own by virtue of delivering the Northern Hub) a number of railway arches and small freehold sites either within or proximate to the Site's existing red line boundary. Whilst they are not part of the Site, some or all of these interests may, at some point in the future, be introduced into Mayfield Partnership Ltd's land holding and could involve Network Rail joining Mayfield Partnership Ltd; — it is possible that other development opportunity sites may be added to the Site and/or delivered by the JVV or the successful joint venture partner during the life of the JVV, but it is not anticipated that these sites will be identified during the procurement process; — it is also possible that the members of Mayfield Partnership Ltd might wish to develop and/or fund office elements of the project separately from the JVV, eg to meet the requirements of an anchor tenant(s). In this scenario, the intention is that the PSDP should act in a Development Manager role (in relation to these elements) for an agreed fee. For the avoidance of doubt these ‘options’ may not become part of the contract opportunity either during the procurement process or the resultant contract term.