Cardiff Council – Atlantic Wharf Mixed Use Development – Area A

Description

Cardiff Council (“the Authority”) is the freeholder of various plots of land identified in the Site Plan included with the procurement documents. The Authority wishes to have the following outputs delivered across the Site; (i) new Authority office space (including fit out) of no less than 120,000sq ft NIA (including a Management Suite of no less than 20,000 sq ft NIA), in addition there will need to be allowances for circulation, foyer and food and beverage space. (ii) Capella Production Studio of no less than 32,000sq ft Net Internal Area (“NIA”), (iii) Events Hall building of no less than 40,400sq ft NIA (iv) associated road infrastructure and public realm space. The Authority is seeking to appoint a developer to finance, design and deliver the outputs referred to above. The Authority will be making staged financial contributions towards the cost of delivering these outputs during the delivery phase(s). Where the outputs (referred to above) are delivered within stipulated affordability envelopes (as set out in the procurement documents) the Authority intends to acquire those outputs from the successful bidder on practical completion Lot 1: Continued from II.1.4) The procurement also provides the successful bidder with an option to acquire at market value certain adjacent plots of land for independent development and to improve the financial viability of the project. The Authority has set various affordability envelopes that different outputs of the project must fall within. Further details on these affordability envelopes were set out in the procurement documents made available with the Contract Notice and updated procurement documents issued to bidders during the competitive tendering process. The Authority reserved the right to increase/decrease the size requirements of the new Authority office complex (and corresponding affordability envelopes) as well as incorporating an additional requirement to deliver no less than a 100,000 sq.ft NIA for a new office development on one of the plots. Such varied and additional requirements are subject to the Authority’s business case approvals and finalised requirements will be confirmed to participating bidders during the procurement process. During the competition, the Authority elected to reduce the size of the new Authority’s office complex to 100,000sq ft NIA and further details were provided in the procurement documents issued to bidders. Consequently, the estimated value of the opportunity ranges from 65mGBP to 135GBP depending on the final output requirement.. The Authority reserves the right not to award the opportunity or to award only part (or a different arrangement) of the opportunity described in this contract notice. The estimated duration referenced in II.2.7 relates to the envisaged development period for the project.