Closed tender

Arcelormittal Orbit (AMO) Lease- operate and maintain

Details

Value
£22,500,000
Topic
Recreational, cultural and sporting services
Published
15 November 2023
Submission
15 January 2024

Tender description

The Contracting Authority London Legacy Development Corporation (LLDC) wishes to secure a new operator to undertake a 10 year operation and maintenance lease (with an option to extend for a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit (AMO) located in Queen Elizabeth Olympic Park in Stratford, East London. The estimated total value based on how the AMO operated and is maintained today across the maximum lease duration of 15 years is £22,500,000. Dependent on proposed future use of the AMO (which is subject to regulatory approvals) the estimated total value across the maximum lease duration of 15 years is £30,000,000. Lot 1: The Contracting Authority London Legacy Development Corporation (LLDC) wishes to secure a new operator or operators to undertake a 10 year operation and maintenance lease (with an option to extend for up to a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit located in Queen Elizabeth Olympic Park in Stratford, East London.

Timeline

  1. Completed: Tender published15 November 2023
    Current notice
  2. Completed: Submission date15 January 2024

About the buyer

London Legacy Development Corporation is a Mayoral development corporation that runs Queen Elizabeth Olympic Park. Operational contracts cover park facilities management, security, grounds maintenance and venue management. A landscape and public realm framework is open to the wider GLA group and partnering London boroughs. That framework runs for four years across two lots.

Over the past 5 years, most of London Legacy Development Corporation's contract awards have been in business services, architectural and engineering services and construction work.

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