URL: https://moderngov.southwark.gov.uk/ieDecisionDetails.aspx?ID=8451

Decision Maker: Cabinet Member for New Homes and Sustainable Development

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To award the contracts for lots A and B of the next phase of the new homes development programme

Content: To award the contracts for lots A and B of the next phase of the new homes development programme That in consultation with the strategic director of housing, the strategic director of resources and the director of planning and growth the following be approved:   The contract award to Wates Residential Development Limited in line with the procurement, subject to the preferred bidder stage for the Development Agreement for Lot A for a period of six years, with the possibility of extension of up to four years, noting the initial Lot contains four sites and has an estimated day one Gross Development Value (GDV) of £83,793,130 with a guaranteed minimum of 343 affordable homes – of which at least 131 are council homes retained by the council, conditional upon completion of the preferred bidder stage.   The contract award to Mount Anvil New Holdings Limited in line with the procurement, subject to the preferred bidder for the Development Agreement for Lot B for a period of six years, with the possibility of extension of up to four years, noting the initial Lot contains three sites and has an estimated day one Gross Development Value (GDV) of £263,756,562 with a guaranteed minimum of 196 affordable homes - of which at least 122 are council homes retained by the council conditional upon completion of the preferred bidder stage.   That following successful completion of the preferred bidder stage, the cabinet member for new homes and sustainable development, in consultation with the strategic director of housing, the strategic director of resources and the director of planning and growth will be asked to approve the Development Agreements for Lot A and Lot B to be entered into.   That the strategic director of housing, in consultation with the director of planning and growth, be authorised to grant on satisfaction of the condition precedent to the Development Partner, a lease or license, following preferred bidder stage and as set out in the Development Agreement, for Lot A and Lot B and Pipeline Sites.   The outline governance process for approving Pipeline Sites (see Table 5) that maybe added to either Development Agreement partnership (either Lot A or Lot B) via an IDM (approved by the cabinet member for new homes and sustainable growth), with detail of how this process will work summarised in between paragraphs 71 and 83 of the report.  

Date of Decision: October 14, 2025