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Southwark Purpose-Built Student Accommodation Operator

Places for London Limited

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Key details

Contracting authority
Places for London Limited
Public authority - sub-central government
Region
London
Delivery: London, United Kingdom
Contract value
£162,310,000ex VAT
£194,770,000 inc VAT
Deadline
2 December 2026
Award decision
29 July 2027(estimated)
Published
22 October 2026

Procurement

Contract period
16 August 2027 - 15 August 2037
10 years
Possible extension to 15 August 2042 · 14 years, 11 months in total
Extension terms: The contract will have an initial term of 10 years, with the option to extend for an additional 5 years (on one or more occasion).
Procedure type
Competitive flexible procedure
CPV classifications
  • 70300000 Real estate agency services on a fee or contract basis

Description

Places for London, Transport for London's property company (formerly Transport Trading Limited Properties (TTLP)), is seeking to appoint an experienced PBSA operator to support the mobilisation and operation of the Southwark OSD scheme. The development will comprise of 429 private studios. While the scheme is at an advanced stage of design, the appointed operator will be expected to provide targeted input into the fit-out of amenity spaces, as well as lead the mobilisation phase and oversee the ongoing operation and management of the asset.

Although the immediate requirement relates to the Southwark scheme, Places reserves the right to utilise the contract across its wider development pipeline. Accordingly, the procurement process will seek to identify an operator with the capability and expertise to support the successful delivery of Southwark and, subject to performance and strategic alignment, potentially provide services for future PBSA developments from the inception stage onwards.

Please note - the value stated within this notice is indicative and includes anticipated expenditure associated with the Southwark PBSA site, together with potential future pipeline sites which this contract may be utilised for.

How to engage

Places for London invites interested suppliers to attend a supplier briefing event in relation to this opportunity. The briefing will provide an overview of the requirement, the proposed procurement process, and an opportunity for suppliers to ask questions. The event is currently expected to take place virtually on Tuesday 6th October via Microsoft Teams. Suppliers wishing to attend the briefing session should register their interest by emailing [email protected]. Upon receipt of your expression of interest, further details of the event, including the Microsoft Teams joining link, will be provided. When registering, please use the subject line: Places_00228 Southwark PBSA Opportunity Places intends to publish a future tender exercise in relation to this proposed sourcing activity using its procurement portal - SAP Ariba.  Interested parties will need to be registered on this system if they wish to participate in a future tendering activity at the below link:  https://s1-eu.ariba.com/Sourcing/Main/ad/selfRegistration?realm=TfL  In the event of issues or difficulty with the registration please contact the SAP Ariba Supplier Registration Help Page:  https://help.sap.com/docs/sap-business-network-for-trading-partners/registration-and-logging-in/how-to-register-as-supplier-on-sap-business-network If you have any queries regarding your registration, please contact:  [email protected]    This exercise does not form part of any formal procurement process and is not a call for tender or a pre-qualification exercise. The information within this notice has been prepared solely for supplier engagement purposes and may not reflect the information ultimately presented in any future procurement process. Direct or indirect canvassing of the Mayor, members of the Greater London Authority, or employees, directors, board members, agents and advisers of TfL and its subsidiaries concerning this market engagement exercise or any related procurement process, or any attempt to procure information from any of the foregoing, may result in the disqualification of the person and/or organisation from consideration during the market engagement exercise or any associated procurement.

Contact

Address
5 Endeavour Square, London, E20 1JN

Bid documents

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Identifiers

Buyer reference
Places_00228
Notice ID
099738-2026
OCID
ocds-h6vhtk-0774be
Companies House
PPON
PXWD-1839-NXXY

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