New English Riviera, Torquay, Devon
Torbay Council is on the hunt for tenders from a private-sector partner and design team to work on the mayor’s vision for the ‘New English Riviera’ at Torquay in Devon
The major regeneration and development project focuses on delivering new housing, offices, hotels, and harbour and waterside developments in Torbay.
The deadline for receipt of tenders or requests to participate is 6 July.
Client contact details:
Attn: Tel. E-mail: Torbay Council
Town Hall, Castle Circus
Further information can be obtained at:Internet: UNITED KINGDOM
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained at:Internet: UNITED KINGDOM
Tenders or requests to participate must be sent to:Internet: UNITED KINGDOM
Torbay Council (‘the Council’) is seeking a private sector partner (‘PSP’) with which to help deliver the Council’s key objectives (‘the key objectives’) referred to in the information memorandum and pre-qualification questionnaire. The key objectives include (but are not limited to) the objectives set out in the Mayor’s Vision for the New English Riviera; the action framework plan; the Council’s Retail Policy; local development and community plans for various areas; and also the delivery of major housing and accommodation schemes on Council owned sites in the Torbay area.
The opportunity is a major regeneration and development project to deliver new (or improvements to) housing and residential accommodation; office and business developments; retail and leisure developments, hotel developments; car parking; infrastructure; community facilities; tourist attractions; harbour and waterside development and public spaces (and incidental or related works to these developments). The opportunity involves both development opportunities through the joint venture for potential returns from third parties and also to deliver public realm works to the Council.
The Council’s aims are to increase the number of residents in the region, increase the opportunities for both established and fledgling companies, improve the retail quarter, bring in more tourism, make the public spaces in Torbay the jewels the Bay deserves and also to help connect the suburbs, centres and waterfronts.
In order to deliver certain aspects of the key objectives, a corporate joint venture (expected to be a Local Asset Backed Vehicle (‘the LABV’)) will be established for a term of approximately 20 years. The Council and the successful PSP will each invest in and hold a 50 per cent interest in the delivery vehicle. The value of the Council’s interest is expected to be based on the value of the assets it commits to the LABV and this may be value-matched with investment (which may include cash, assets or services) from the PSP or by other approaches to financing and sharing returns from the developments and services discussed with bidders in dialogue.
Once LABV is established, the shareholders in the LABV may later include other third party investors.
The development will focus on a number of key sites in Torquay, and Paignton (including Paignton Harbour, Clennon Valley/Goodrington, Sheddon Hill, and possibly Brixham Town Centre and Freshwater Quay, and Oldway Mansion (together ‘the Key Sites’). This may also include the PSP (through the LABV) developing further sites owned (or acquired) by the Council in proximity to the Key Sites which further the Council’s key objectives.
The PSP (through the LABV) may also be given the opportunity to develop other sites currently owned by the Council to further the key objectives. Further details of these possible sites are provided in the memorandum of information. This may include (though not limited to) developing all housing scheme projects in the Torbay area during the contract period.
The PSP (through the LABV) may also be given the opportunity to develop additional new sites in the Torbay area acquired by the Council or the LABV to further the key objectives.
Further details of the sites and anticipated development phases are provided in the memorandum of information.
The partnership will undertake development activity and provide services to the Council in line with the Council’s objectives, including (but not limited to) master planning; strategic development consultancy advice; environmental consultancy advice; technical and building services; architectural design; urban design and landscaping; physical construction and development; asset management services; leisure management services; facilities management services; marketing and disposal of development assets; and potentially land assembly.
Further details are contained in the information memorandum and pre-qualification questionnaire (see section VI.3 (Additional Information) for details of how to obtain these).