£675m London Olympic Park JV tendered

A concession notice has been issued for the contract to deliver the £675m Pudding Mill Lane site at the Queen Elizabeth Olympic Park in east London.

The London Legacy Development Corporation (LLDC) has fired the starting gun on the search for a development partner that will deliver in the region of 948 homes and up to 52,000m2 of non-residential space.

According to the tender, the scheme may also include the Rick Roberts Way site, giving the overall scheme a potential estimated development value of £750m.

The joint venture will be established as a 50/50 incorporated vehicle governed by a joint venture agreement and incorporating the LLDC and the private partner. A leasehold interest will be granted with a minimum term of 250 years. The concession notice is for 20 years.

Interested parties have until 28 February 2023 to respond. To read the tender click here.