Awarded contract

Pudding Mill Lane Joint Venture Development Partner

Details

Value
£600,000,000
Topic
Building construction work
Published
16 December 2024

Tender description

London Legacy Development Corporation (‘LLDC’) has appointed a development partner to form a corporate joint venture (“JV”). The JV shall deliver the Pudding Mill Lane Development (‘the Site’) pursuant to a development agreement with LLDC (“DA”). Lot 1: See II.1.4 above and note the following: 1) LLDC has appointed a developer partner to jointly deliver the development of the Site through a 50%/50% incorporated vehicle (the “JV”) which shall be governed by a joint venture agreement. 2) the DA shall provide ultimately for a leasehold interest of the Site to be granted to the JV. 3) the JV will deliver circa 950 new homes of mixed tenure and 30,000 square meters of non-residential space.

Timeline

  1. Completed: Award date4 December 2024
  2. Completed: Award published16 December 2024
    Current notice

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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