Croydon Council recently launched its tender process to procure a suitable private sector partner for its partnership to deliver and invigorate regeneration in the borough. The selected partner will enter into a partnership to hold, manage and develop an identified property portfolio in the centre of Croydon. The estimated development value of the opportunity is £450 million and includes the provision of civic accommodation to the Council.
 
This instruction follows on from the recent establishment of the West Midlands Limited Partnership between Advantage West Midlands, Langtree Group and Bank of Scotland and is the first such instruction by a local authority for a partnership of this nature.