Breckland Council (?the Council?) is seeking a private sector partner (?PSP?) to help deliver the Council"s strategic aims and objectives for regeneration (?the Council"s strategic regeneration objectives?) referred to in a memorandum of information which will be available once the OJEU notice has been published. The opportunity is a major regeneration and development project to deliver new (or improvements to) housing and residential accommodation; office and business developments; retail and leisure developments, hotel developments; car parking; infrastructure; community facilities; and public spaces (and incidental or related works to these developments and associated public infrastructure). As part of this project the Council is seeking a partner to deliver, among other schemes, a mixed-use development known as Riverside in Thetford. This project is considered strategically important to the Council in catalysing the regeneration of Thetford town centre and should be prioritised for delivery. Specific details of this scheme will be included in the memorandum of information following publication of the OJEU notice.
In order to deliver certain aspects of the Council"s Strategic Regeneration Objectives, a corporate joint venture (expected to be a Local Asset Backed Vehicle (?the LABV?) will be established for a term of approximately 15 years (with the option to extend up to a further 5 years). The Council and the successful PSP will each invest in and hold a 50% interest in the delivery vehicle. The value of the Council"s interest is expected to be based on the value of the assets it commits to the LABV and it is expected that the PSP will invest through cash, assets, services or by other approaches to financing, and share returns from the developments and services with the Council. The opportunity will focus in the development of a number of key sites in the Breckland district of Norfolk and surrounding area (?A Sites?). The details of A Sites and anticipated development phases where known, will be provided in a memorandum of information. The PSP (through the LABV) may also be given the opportunity to develop other sites (B Sites) to further the Council"s wider strategic regeneration objectives. Further details of these sites will also be provided in the memorandum of information.
The LABV will undertake development activity and provide services to the Council in line with the Council"s key objectives, including (but not limited to) master planning; strategic development consultancy advice; environmental consultancy advice; technical and building services; architectural design; urban design and landscaping; physical construction and development; refurbishment of assets, infrastructure; marketing and disposal of development assets; incidental generation, sale and distribution of energy and potentially land assembly. Further details will be contained in the memorandum of information. The LABV may consider it appropriate for a third party partner to take an investment stake in a specific development. It is not envisaged that this would change the amount of Council and PSP equity or the proportions in which equity is held (50/50) in the LABV, but that the LABV may share the profits and/or equity in the relevant development subsidiary (and any returns made from the developments) with the third party partner on a site specific basis, as agreed between the LABV and the third party partner.

Lots

This contract is divided into lots: no