Three Rivers District Council has appointed Bond Dickinson to assist it on the South Oxhey Initiative, a major redevelopment.
Ahead of the appointment, the local authority said it was “essential that the appointed firm has relevant and recent experience of providing advice to local authorities on compulsory purchase and landlord and tenant matters on similar schemes — that is to say, in the order of £120m GDV with a mixture of residential and multiple commercial interests”.
The contract, which is worth £263,000 excluding VAT, was awarded on the basis of the most economically advantageous tender in terms of:
1. An ability to work with the in-house team and property consultants collaboratively to deliver the project within the timescales and financial projections (weighting 45);
2. Total fee taken from the pricing schedule (weighting 30);
3. Relevant experience of proposed staff (weighting 15);
4. An ability to use knowledge and experience to give the best outcome for TRDC on SOI (weighting 10).
Three Rivers said it had received nine offers.
South Oxhey and the surrounding area is the largest residential area in Three Rivers, with about 18,000 residents. The estate was built 60 years ago and is due for modernisation over the next few years.
In May this year Three Rivers announced its intention to select Countryside Properties (UK) and Home Group as the preferred bidder for the redevelopment. It added that a planning application was expected to be submitted in December.