C&W appointed to lead an OJEU compliant developer selection process to deliver a mixed use development
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The Challenge
Tower Works is a prominent 2.68 acre waterfront site within the Leeds South Bank, situated in a conservation area with several Listed structures including 3 Italianate towers. Other important historic aspects of the site, a mix of ownerships, planning sensitivity and the part investment/part development nature of the opportunity added to the complexity of the project.
The HCA appointed Cushman & Wakefield to advise on all commercial aspects of an OJEU compliant procurement process that would deliver a minimum level of development within a defined period of time and a significant, guaranteed, financial receipt for the HCA.
The Solution
Cushman & Wakefield devised a procurement strategy, developer selection and evaluation methodology to meet the HCA’s key objectives. The procurement, using the Competitive Dialogue Procedure, was carried out in parallel with Leeds City Council’s separate procurement of a developer for the Engine House on part of the site – this required an innovative procurement solution to ensure comprehensive approach to the overall development.
The Results
Carillion was selected as developer and contracted in December 2015. Carillion has since secured planning consent for a comprehensive mixed use three-phased development of 160 dwellings (C3) with 29 car parking spaces; 11,808sqm of B1 offices; up to 366sqm of A1 retail; 1,495sqm of A2, A3, A4 or D1; and new public realm.
“Working as part of a team that included Pinsent Masons as legal advisors, Cushman & Wakefield provided invaluable support in advising the Agency on complex procurement issues, that has led to the successful appointment of a development partner”
Chris Kwasniewski,
Senior Area Manager
Leeds City Region and North Yorkshire Team
Homes and Communities Agency