LTGDC secure development interest in London Sustainable Industries Park
18 September 2009
LTGDC secure development interest
in London Sustainable Industries Park
The London Thames Gateway Development Corporation (LTGDC)
intends to appoint Goodman as a development manager to deliver its
visionary London Sustainable Industries Park (London SIP), in East
London.
The first of a new breed of business parks, the London SIP will
accommodate, support and grow environmental technology businesses
and sustainable industries. The 25 hectare development at Dagenham
Dock will offer business synergies with existing tenants while
maximising resource efficiency and innovation and minimising waste.
Environmental technology businesses are expected to be worth
£45bn to the UK economy by 2016.
Following a procurement process, bidders were evaluated against
various criteria including master-planning, marketing, delivery and
management of the London SIP.
Mark Bradbury, Deputy Director of Development at LTGDC, said: “I
am delighted to announce our intention to appoint Goodman. Their
experienced team will be a crucial addition to the London SIP
cementing it as the must-be destination for forward-thinking
businesses. Reaching this significant milestone in this market
confirms our belief that east London can be home to the UK’s
largest concentration of environmental industries and technologies.
Together with Goodman we are confident of making this a
reality.”
The search for a development manager for the London SIP was
launched in May 2009, with an OJEU advertisement. Three
bidders, Easter Group, Gazeley and Goodman, were shortlisted from
19 pre-qualification submissions and Goodman was selected as the
preferred bidder on Monday 14 September, following a period of
competitive dialogue.
Following their appointment, Goodman will work with LTGDC to
finalise the development framework, marketing and management
strategies for the site and deliver the London SIP’s
infrastructure. Work will start on the initial site
infrastructure next year. LTGDC will retain ownership of the site
and remain responsible for funding site infrastructure.
Goodman has 25 years experience in owning, developing and
managing business parks and warehouse and distribution centres
across Europe and the United Kingdom.
Charles Crossland, Development Director at Goodman, said: “The
London SIP represents a major development
opportunity and is one of the most significant
regeneration sites in London. We are looking forward to
partnering with the LTGDC on this exciting joint venture, and are
pleased to have been notified of our preferred bidder status
in this highly competitive pitch process."
Mr Bradbury continued: “We have spent the last 18 months
assembling the land for the London SIP, investing more than £30m in
its development and with a further £20m committed for its
completion. This decision is major boost for the regeneration of
East London breathing new life and opportunities into the area and
as more companies locate here, jobs for 1,500 local people will
become available.”
LTGDC has already secured two major occupiers – Closed Loop, a
plastics recycling company and Cyclamax, the park’s first
energy-from-waste plant. A further 20 hectares is still available
for forward looking sustainable industries who want to make the
most of the excellent transport connections, skilled workforce, raw
materials and unrivalled business opportunities – all sitting on
the doorstep.
In August LTGDC appointed Sergison Bates as architects for the
London SIP development framework. Their design team is drawing up
the development framework for the park which will see a range of
environmental industries set within clearings of a structured,
wooded landscape. The urban woodland, created alongside the
park infrastructure, will transform the environment of this
currently fragmented and underdeveloped site.
END
For further information about LTGDC please go to http://www.londonsip.com/
or http://www.ltgdc.org.uk/
For press enquiries please contact Emma Cassidy
Tel: 020 7612 8478
Email: ec@londoncommunications.co.uk
Notes to Editors:
Following an advert posted in the Official Journal of the
European Union (ref 2009/S85-122921), inviting expressions of
interest from potential developers for development manager services
at the London SIP, four parties were shortlisted and invited to
enter competitive dialogue. One of the shortlisted parties
withdrew prior to competitive dialogue. The remaining three,
following a competitive dialogue process, were invited to submit
final tenders on Friday 11 September. LTGDC having completed
evaluation of the three high quality final tender bids received
from Goodman, Easter and Gazeley, intend to award the contract to
Goodman Logistics Developments (UK) Limited.
LTGDC intends to appoint Goodman on expiry of the mandatory
standstill period set out in the Public Contracts Regulations
2006.
LTGDC were advised by property advisors Jones Lang LaSalle (JLL)
and lawyers Eversheds LLP on this OJEU procurement process.
Eversheds LLP will be retained as lawyers and JLL as the leasing,
investment, development and sustainability advisors on the London
SIP.
London Thames Gateway Development Corporation is the key
government agency responsible for delivering social and economic
growth to transform the London Thames Gateway, part of Europe's
largest regeneration project.
It has significant powers to effect change, by helping to
improve the prospects for new homes, jobs, services and
environmental improvements for local people.
LTGDC is the lead regeneration agency for the Lower Lea Valley
and the London Riverside - the two areas with the greatest
potential for growth in London and the Thames Gateway.
For further information please go to http://www.ltgdc.org.uk/
About Goodman Group (ASX: GMG)
Goodman Group is an integrated property group with operations
throughout Australia, New Zealand, Asia, Europe and the United
Kingdom. Goodman Group, comprised of the stapled entities Goodman
Limited and Goodman Industrial Trust, is the largest industrial
property group listed on the Australian Securities Exchange and one
of the largest listed industrial property groups
globally.
Goodman’s global property expertise, integrated
own+develop+manage customer service offering and significant fund
management platform ensures it creates innovative property
solutions that meet the individual requirements of its customers,
whilst seeking to deliver attractive
long-term returns for investors. In Europe, Goodman has
offices in the UK, Germany, the Netherlands, Belgium, Luxembourg,
France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia,
Romania and Turkey.
Please visit: http://www.goodmanintl.com/