An Official Journal of the European Union (OJEU) notice was served on Friday (8 July) by joint landowners Basingstoke and Deane Borough Council and Hampshire County Council, inviting interested developers and investors to come forward to complete a pre-qualification questionnaire (PQQ) as potential partners for the Manydown project.
One of the largest and best residential-led development opportunities in the UK market, Manydown, which covers an area of circa 843 hectares of greenfield land, could ultimately see the delivery of 8,000 homes over two local plan periods.
The OJEU primarily focuses on the first phase of the project of approximately 3,200 homes but has been structured to enable the successful bidder to potentially continue its relationship with the councils to deliver the remaining phases of the project. It invites interested developers to complete the PQQ and evidence their track record and financial standing in developing similar types of projects either individually or as part of a joint venture partnership.
This OJEU notice follows a prior information notice (PIN) being issued in May and a well-attended Manydown Partner Engagement Event in June that attracted over 60 attendees from the property development and investment market wanting to learn more about the project.
Richard Bayley, Project Director for Manydown, said, “We were pleased to have a strong attendance at our recent Manydown Partner Engagement Event. The conversations were really positive and it’s clear there is a lot of anticipation about what Manydown could offer as a major South East development project. We have something in the region of 40 organisations who have already expressed interest in the project so the appetite is certainly there. We’ve seen interest from lots of major players – both developers and investors – and other smaller bespoke developers that feel they could deliver the project as part of a wider consortium.”
The Cabinet member at Basingstoke and Deane Borough Council responsible for Manydown Cllr John Izett said, “Manydown offers one of the best residential development opportunities in England. We are looking for an organisation or a consortium of developers and investors who have the vision and track record in placemaking and infrastructure to deliver this long term and important residential project.”
Leader of Hampshire County Council Councillor Roy Perry said, “As joint landowner of this key site, we are committed to the future of Manydown. We consider it to be a major opportunity that will reflect the great character of Hampshire as a place to live, work and prosper. Therefore, it is crucial we choose a partner with a strong track record of developing quality communities – which also respect the rural environment, and who is of good financial standing, as this represents one of the biggest investments in Hampshire. The pre-qualification questionnaire is an important step to narrow the field to make sure we work with a development partner with the right experience and expertise to deliver our future vision for Manydown.”