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Basingstoke & Deane Borough Council

PQQ Opportunity Joint Venture Partner for the Manydown Project

Publication Platform
Basingstoke & Deane Borough Council

Publication Date
10 November 2021

12:00pm, 24 August 2016

Tender ID
DN128199 PQQ Opportunity Joint Venture Partner for the Manydown Project

Manydown Investco LLP (£0)

Manydown is a government-recognised transformational housing project comprising an area of approximately 843 ha (2,080 acres) west of Basingstoke, which could ultimately see the delivery of 7,800 homes in total in the current local plan period and beyond and is being developed in a manner that is consistent with 'garden town' principles. The initial phases of the Manydown project have been allocated for at least 3,200 (with potential for this to be increased by 10% up to 3,250) private and affordable dwellings in the first phase with the potential to develop a further 4,600 dwellings in future phases, subject to satisfactory performance during phase1, community accommodation together with associated infrastructure and commercial/retail space. Basingstoke and Deane Borough Council and Hampshire County Council ('the councils'), acting as joint land owners, wish to deliver the project in conjunction with a partner through a joint venture arrangement. The partner, or consortium of partners, will bring expertise, creativity and financial resources to the development. The purpose of this opportunity is to find a joint venture partner to enter into a 50/50 joint venture vehicle ('JV'). The selected JV partner will have the financial capability, technical resource and experience to deliver a new neighbourhood of the highest quality. The councils' aim is to incentivise its JV partner to take a long-term approach with strong placemaking at the heart of the delivery strategy. This approach will deliver a high quality new community, whilst also creating value and financial returns. It is envisaged that the councils will participate in the JV through a corporate special purpose vehicle (councils' SPV') . The councils intend to contribute certain land interests to the JV (subject to satisfaction of certain conditions). This procurement process is being conducted in accordance with the Public Contract Regulations 2015 using Competitive Dialogue. The OJEU Contract Notice was notified on 8 July 2016 (temp. TED Ref: 2016-087904). A Prior Information Notice (PIN) was published on 12 May 2016 (S:2016/S 092-165132). The Council is utilising an electronic tendering tool to manage this procurement and communicate with Tenderers. Accordingly, there will be no hard copy documents issued to Tenderers and all communications with the Council, including the submission of Tenderers' Responses, will be conducted via the ProContract system, which can be accessed using the following link: Please note expressions of interest must be registered before 11:30:00 Wednesday 24 August 2016. Completed tenders and supporting information should be returned no later than 12:00:00 on Wednesday 24 August 2016.