Following this sale, and consistent with its strategy to dispose of surplus property with a view to securing value for the UK taxpayer, the NDA announced its intention to dispose of land adjacent to its existing site at Sellafield in Cumbria.
John Clarke, NDA Commercial Director, said that the NDA recognises the interest generated in its first phase land sale, and looks forward to engaging with interested parties as it continues in its strategy of maximising value from its assets for the benefit of the UK taxpayer.
NDA expects to sell some of the around 250 hectares (618 acres) included in the recent nomination to the Department of Energy and Climate Change’s Strategic Siting Assessment.
The first step in the sale process will be for all potential bidders to return a compliant.
Expression of Interest, signed Confidentiality Agreement and Data Room Rules
The process will be open to interested parties who submit compliant proposals satisfying the conditions set out in the Request for Expressions of Interest. However, the NDA reserves the right to exclude parties at any stage who do not offer a reasonable prospect of delivering value. Participants in the process will be given the opportunity to visit the land for sale, evaluate the opportunity and perform due diligence.
The NDA will assess bids on the basis of value for money on a disposal of public assets. NDA will wish to be satisfied that any considerations with a bearing on value for money have been taken into account before disposing of the land. Accordingly, before confirming a transaction following a competitive process, the NDA will seek the views of HM Government and currently expects HM Government’s approval will be a condition precedent to completion of the lease.
NDA will also consider whether the proposed use could have a detrimental effect on the NDA’s adjoining landholding which is to be retained for ongoing operations.
