The Old Oak and Park Royal Development Corporation (OPDC) has launched a major procurement to appoint a Private Sector Partner (PSP) to form a long-term Joint Venture for the £12 billion (US$16 billion) regeneration of Old Oak in West London.

Old Oak covers approximately 31 hectares and is one of London’s most significant regeneration opportunities. It is expected to deliver around 8,000 new homes (including a significant proportion of affordable housing), up to 200,000 sq m of commercial and community space, a new canal-side neighbourhood, a major town centre, parks, and improved public spaces. The development is anchored by the new Old Oak Common station, a major transport interchange serving HS2, the Elizabeth line, Great Western Mainline, and Heathrow Express. The contract will initially run for 20 years from September 2027, with an option to extend by a further 10 years (up to 2057). This long-term partnership reflects the scale and complexity of delivering the regeneration over multiple phases. 

The procurement is being carried out under the Competitive Flexible Procedure (Procurement Act 2023). It is a two-stage process:

• Stage 1 (Participation + Initial Tender) closes on 21 July 2026.
• Shortlisted bidders (top 3, possibly 4) will then enter a Dialogue stage, followed by a Final Tender.

Bids must be submitted via the SAP Ariba procurement portal (TfL’s system). Interested parties need to register and request access by contacting Brian Walsh at OPDC. The process includes a Procurement Specific Questionnaire (pass/fail) and scored Initial Tenders covering areas such as People & Place, Social Value, Partnership & Collaboration, Delivery, and Value Creation.

For more details, please visit our Business Opportunity page by clicking here.