Transport for London Build to Rent Partnership

Descriptions

TfL is seeking to appoint an investment partner to co-invest in a new corporate joint venture vehicle. The vehicle shall have the right to purchase (on market terms) an Anticipated Seed Portfolio of up to 10 sites currently in TfL’ s ownership in the expectation that, thereafter, it shall develop private rental units (Build to Rent (BtR) units) on those sites. TfL expects the equity proportions to be 49 % TfL to 51 % private investor.For more information please email TfLBtR@savills.com or visit https://sites.savills.com/TfLBtR, from which you can access the following additional documents:— investment memorandum,— expression of Interest form and questionnaire.“Notwithstanding II.1.2) and II.1.3) above, this exercise is to select an investor only and is not to procure works, supplies or services from either the successful investment partner or the JVCo. Please see section VI.3) for more information.”