The Forum, King's Quarter, Gloucester

Award

Buyers

Gloucester City Council

Value

£94,000,000

Suppliers

R Blue Regen GL Ltd and Reef Estates Ltd

Classifications

Development of non-residential real estate
Development of residential real estate
Letting services of own property
Non-residential property renting or leasing services
Non-residential property services

Tags

award
contract

Published

4 years ago

Description

The Council will enter into a development funding agreement (DFA) with R Blue Regen GL Limited  and Reef Estates Limited (which are connected organisations) for a mixed use, urban campus known as King’s Quarter. The Council and a group company of Reef Estates Limited (R Blue Capital Ltd) both have land interests in the site. They will deliver retail, leisure and office space, dwellings and a hotel together with a multi-storey car park. On completion of the development a group company of Reef Estates Limited will transfer its land interest to the Council. The development will be undertaken in 2 phases. Works required to deliver the development (and a number of consultancy services) will be procured in accordance with an OJEU or UK Find a Tender procedures or under Frameworks. Reef/R Blue Regen GL Limited  will also provide management and maintenance services for 5 years. R Blue Regen GL Limited  and Reef (or a group member) will take a 5 year lease of incubator offices and provide a guarantee to the Council in connection with rent from the hotel.

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Organisation

Gloucester City Council

Regional or local authority

Mr Philip Ardley

[email protected]

Timeline complete

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