Valued at £500m, the contract will see a private development partner working with the authority to deliver the Sutton Civic and Town Centre Regeneration project.
The initiative comprises the following four sites: the St Nicholas Shopping Centre; Secombe Theatre; Gibson Road Car Park; and Civic Centre.
A private partner will work with the council to redevelop the sites, including creating a new civic hub for the authority, through a commercially viable scheme.
Interested parties have until 17 November 2023 to respond to the tender, which can be found here.