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The London Legacy Development Corporation is looking for a development partner to bring forward the next phase of development on Queen Elizabeth Olympic Park. East Wick and Sweetwater comprise residential-led neighbourhoods of up to 1,500 homes, with a significant proportion of private rented housing, providing an exciting opportunity to deliver new communities in a high quality environment.
The new development is part of the Legacy Corporation’s drive to accelerate development across the Park to provide new, high quality homes for London. East Wick and Sweetwater form part of our plans to open up the western edge of the Park, linking closely to the local communities in Hackney Wick and Fish Island, as well as enabling even more people to benefit from the world-class facilities on the Park.
Boris Johnson, Mayor of London, said: “The development of East Wick and Sweetwater offers a tremendous opportunity for developers to be part of London’s historic Olympic site. Our goal is to create vibrant new neighbourhoods to include a range of affordable housing choices for Londoners. There’s a huge need for more homes in the capital and this pressure will only increase as the city grows. That’s why we have found a way to accelerate the delivery of these two neighbourhoods to help people get into the homes they want more quickly.”
Dennis Hone, Chief Executive of the London Legacy Development Corporation, said: “The new neighbourhoods at East Wick and Sweetwater will exemplify the best of London’s residential architecture with a range of family homes and apartments.
“This is the next stage in the transformation of Queen Elizabeth Olympic Park and an exciting opportunity for a development partner to create two high quality new neighbourhoods. We are creating a new part of the city and these neighbourhoods will be at its heart.”
We are seeking a development partner with the right levels of skills, funding and experience to work with us to bring our vision to life. The procurement will be run in accordance with European regulations. Parties wishing to participate should register on www.supply4london.gov.uk and then under the ‘Response Manager’ link, enter the access code 53324UAA49. They will then need to download and return a non-disclosure agreement, which will enable access to the data room. Responses must be submitted by 23 Jan 2014. The second stage will be by invitation only. Shortlisted parties will be invited to participate in Competitive Dialogue, following which a reduced number will be invited to submit Final Tenders. The Legacy Corporation expects to appoint a preferred bidder in autumn 2014.