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Union Place, Worthing - commercial joint venture agreement including conditional transfer of land to enable residential-led, mixed-use development as a two-phase scheme.

WORTHING BOROUGH COUNCIL Published 16 Oct 2023 Find a Tender

key details

Statuscomplete
Category (CPV) 70111000 +2 more
RegionSouth West
Procedurelimited
OCIDocds-h6vhtk-040c79

Award

SupplierValueDateStatus
Roffey Homes Limited · · active

description

The Contracting Authority (CA) proposes to enter into a limited liability partnership (or other similar joint venture) (JVA) agreement with Roffey Homes Limited (JVPartner), under which both parties will establish and become members of a limited liability partnership (LLP). The Contracting Authority proposes to transfer land into the LLP. Subject to satisfactory planning permission for residential-led, mixed use development having been obtained, and to satisfying certain conditions precedent, and if JVPartner carries out the development, the LLP will dispose of/sell the developed land, and distribute the resulting sales proceeds in accordance with the LLP members' agreement.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
16 Oct 2023 Voluntary ex-ante transparency (F15) Earlier regulations 030519-2023

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source

Published on Find a Tender. Contact details for named individuals are not reproduced on this site.