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Closed

Arcelormittal Orbit (AMO) Lease- operate and maintain

Published

Value

22,500,000 GBP

Description

The Contracting Authority London Legacy Development Corporation (LLDC) wishes to secure a new operator to undertake a 10 year operation and maintenance lease (with an option to extend for a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit (AMO) located in Queen Elizabeth Olympic Park in Stratford, East London. The estimated total value based on how the AMO operated and is maintained today across the maximum lease duration of 15 years is £22,500,000. Dependent on proposed future use of the AMO (which is subject to regulatory approvals) the estimated total value across the maximum lease duration of 15 years is £30,000,000. Lot 1: The Contracting Authority London Legacy Development Corporation (LLDC) wishes to secure a new operator or operators to undertake a 10 year operation and maintenance lease (with an option to extend for up to a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit located in Queen Elizabeth Olympic Park in Stratford, East London.

Timeline

Publish date

6 months ago

Close date

4 months ago

Buyer information

London Legacy Development Corporation

Contact:
Robert Hughes
Email:
RobertHughes@londonlegacy.co.uk

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Notice topic

Recreational, cultural and sporting services

Related topics

Cybercafé servicesSporting servicesLibrary, archives, museums and other cultural servicesNews-agency servicesEntertainment servicesRadio and television services

Source

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