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One or more suppliers on this contract have also made political donations. See supplier details below.
The Council entered into a deed of variation with London Square Developments Limited (the Developer) and London Square Limited (the Guarantor) in relation to an existing development agreement between the parties (the Underlying Contract) which was entered into on 28 September 2022 to ensure the viability and deliverability of the scheme under the Underlying Contract. The key variations comprise a reduction in the minimum level of commercial workspace required in alignment with Local Plan policy for mixed-use regeneration schemes, a reduction in minimum affordable housing levels from 50% to 40% and a reduction in the Council's land receipt in line with revised financial modelling and which represents best consideration in today's market.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| London Square Developments Limited | 07160957 | ~£680,000,000 estimated from lot values | 1 lot Lot 1 | DONOR£2K across 1 donation To: Conservative and Unionist Party |
This procurement was divided into 1 lots, each awarded separately. 9 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 Sept 2022 – Apr 2034 | £170,000,000 £502,914,400 initial term | 1 single bid — no competition | London Square Developments Limited London Square Developments | active |
Weightings from the notice.
Government spending data: This supplier has received £1,844,307 in 9 payments (over £25k) from Department for Work and Pensions (2022-09-28 to 2023-08-17). View full payment history →
Published by the buyer on this notice. Check the original notice — details change and are not updated here.