York Central Development

Description

Homes England and Network Rail (the relevant landowning Network Rail entity being Network Rail Infrastructure Limited) (the Landowners) are seeking to appoint a development partner (single or consortium) (the Development Partner) with a proven track record who will work with them to deliver a transformational new vibrant mixed-use quarter of York City Centre, incorporating high quality public realm. Together they will deliver a highly sustainable development with the aim of increasing the wellbeing of existing and new residents, occupiers and visitors alike. The appointed Development Partner will share the Landowners’ desire and enthusiasm to enhance and deliver the existing illustrative masterplan and outline planning consent and will have the commercial acumen, resource, management and development expertise to ensure successful delivery of the project. York Central (the York Central Site) is a once in a generation development opportunity for the City of York. In total the York Central Site, when redeveloped, will provide up to 2,500 homes, and c.800,000 sq ft of offices, retail and leisure, expansion of the National Railway Museum and provision for community uses, as defined within the outline planning permission Ref: 18/01884/OUTM. The Landowners have considered two potential options for structuring this scheme, including a traditional development agreement and a contractual joint venture (further set out in the procurement documents). However, the Landowners ultimately wish to adopt an approach which best delivers on their objectives and do not wish to prescribe one approach – Bidders will be invited to submit their own preferred option for structuring the scheme. There will be flexibility to allow for a conversion to a joint venture using a corporate structure at any time, including during the term of the contract (if agreed by the parties).

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