Awarded
Lease of 1 Dreadsnought Street, Greenwich, London, SE10 0PU (Hotel)
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Descriptions
The Council will enter an agreement with R Blue Regen GR Ltd (RBR) and Universities Superannuation Scheme Ltd (Landlord) to lease 1 Dreadsnought Street, Greenwich, London, SE10 0PU (the Property) for a term of 50 years for a total rent of GBP 102.5 million (indexed). Certain of RBR's obligations are guaranteed by Reef Estates Ltd. The Council will sub-lease the Property to Travelodge Hotels Ltd (Travelodge). At the expiry of the lease the Council has the option to acquire the freehold of the Property from the landlord for a nominal sum. The landlord and RBR will construct a new hotel building. These works are funded by the landlord and RBR to a specification agreed by them and set out in an existing agreement for lease with Travelodge. The Council is only legally obliged to lease of the Property on the completion of the new building.
Timeline
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Tender Regions
CPV Codes
45212000 - Construction work for buildings relating to leisure, sports, culture, lodging and restaurants
45212411 - Hotel construction work
45212420 - Construction work for restaurants and similar facilities
45212400 - Accommodation and restaurant buildings
45211350 - Multi-functional buildings construction work
70200000 - Renting or leasing services of own property
Keywords
multi‑functional buildings
mixed‑use construction
multipurpose facility build
flexible space structures
combined‑use development
integrated building works
multifunctional facility erection
adaptable building construction
complex buildings
multifunction architecture
leisure/sports/cultural building work
hotel and restaurant build
entertainment venue construction
hospitality infrastructure
sports complex construction
lodging facility erection
cultural centre building
tourism‑related construction
hospitality venues
recreational structures
hospitality building construction
lodging and dining facilities build
guest accommodation erection
restaurant structure construction
hotel/restaurant building works
hostel and eatery construction
hospitality infrastructure build
dining venue build
lodging facility construct
culinary service building
hotel building construction
hospitality facility erection
guesthouse build
hôtel infrastructure
lodging accommodation build
upper-tier hospitality structures
resort construction
boutique hotel erection
commercial lodging works
luxury lodging build
restaurant building construction
dining venue erection
café build
eatery construction
culinary facility build
food service structure
bistro construction
canteen-like dining facility
gastronomic venue build
hospitality dining works
own property rental services
real estate leasing
self-owned property lease
proprietary asset rental
estate rental services
property lease management
leasing of owned premises
rented property management
in-house property leasing
asset rental services
Tender Lot Details
2 Tender Lots
Workflows
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Possible Competitors
1 Possible Competitors
