Meridian water regeneration project: master developer.
Enfield Council is seeking a master developer/consortium to deliver the 1 500 000 000 GBP Meridian Water development opportunity.
The Meridian Water development opportunity is included within an area of approximately 85 hectare in a prime location adjacent to the waterside environment of the Lee Valley Regional Park and within the London-Stansted-Cambridge Corridor, which has a population of 2 000 000 and a GBP 161 000 000 000 economy. The site benefits from excellent transport links with central London 20 minutes away by train and easy access to the major road routes of the M25 and A406.
Meridian Water is a development site with unparalleled opportunity. The Council's feasibility work indicates that the developable area can achieve approximately 8 000 new homes, the full range of neighbourhood facilities and over 3 000 new jobs.
The Council has made excellent progress on bringing forward the delivery of Meridian Water:
— the project has been awarded Housing Zone status;
— the Council has completed the acquisition of 9 hectares of developable land and is actively negotiating further land acquisitions with landowners;
— funding has been allocated to relocate the existing Angel Road train station southwards to a more central position within Meridian Water in 2018 and the station will be renamed Meridian Water Station;
— funding has been agreed to provide a new railway track which will increase rail provision to 4 trains an hour from 2018 and the opportunity for Crossrail 2;
— a new educational establishment will be opened in 2016, a new park is being constructed and the Lee Valley Heat Network company has been established to provide green and affordable energy from 2018.
The Council is now seeking a master developer/consortium with the vision, commitment to quality of design, expertise, financial capacity and place making credentials to ensure that Meridian Water has an enduring positive legacy. The appointed master developer/consortium will need to bring a proven track record in large scale and transformative urban regeneration. The master developer/consortium will be able to demonstrate a commitment to place-making through development management, urban design, planning, finance, management and plot sales in order to maximise the scheme's potential.
In particular the Council is looking for a master developer/consortium who can maximise the number of quality mixed tenure homes, and new jobs as well as delivering the necessary supporting infrastructure including shops, community facilities, roads and utilities. The Council is keen to work with a master developer/consortium who can deliver Meridian Water within accelerated time scales; the Council views a large proportion of private rented sector homes as being 1 way in which delivery can be expedited.
The Council wishes to work in partnership with a master developer/consortium with the financial capacity to support the Council to assemble the remainder of the developable land at Meridian Water. The Council is prepared to use Compulsory Purchase Order powers as a last resort in the instance that negotiations are unsuccessful. The Council has already expended a large amount of money on Meridian Water and is committed to further investment on the project. The Council is looking for an arrangement which can provide the Council with a return on investment via assets and cash as well as ensure that the project does not have a negative impact on the Council's ongoing revenue position.
The Council has an excellent track record of completing OJEU procurements within reduced time scales and the intention is to identify a preferred master developer/consortium six months from posting the OJEU Notice.
Submission of a summary master plan will be a bid requirement and the successful bidder will be expected to achieve a start on site during 2016.
Total quantity or scope:
Estimated value excluding VAT: 1 500 000 000 GBP
Information about a particular profession:
Execution of the service is reserved to a particular profession: no
Type of procedure:
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