Union Place, Worthing - commercial joint venture agreement including conditional transfer of land to enable residential-led, mixed-use development as a two-phase scheme.
key details
| Status | complete |
|---|---|
| Category (CPV) | 70111000 +2 more |
| Region | South West |
| Procedure | limited |
| OCID | ocds-h6vhtk-040c79 |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| 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.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 16 Oct 2023 | Voluntary ex-ante transparency (F15) | Earlier regulations | 030519-2023 |
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source
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