Haringey council has today published an official invitation for bids.

A developer is now being sought to restore the Grade II* listed building, and to develop the surrounding land.

The development of the 1930s art deco hall and the surrounding sites could be worth £100m to £150m.

The listing advertises that 123 residential buildings can be erected at the back of the site and that the project includes the Town Hall, the Town Hall annex, the public square in front of the hall and the car park.

Bidders will need to demonstrate how they can meet the objectives of restoring the Town Hall, developing the surrounding site and allowing for community access. The council estimates that the Town Hall needs around a £10m investment to restore it.

The former civic home of the old Hornsey Borough Council and more recently council offices and cultural and arts space, the building is registered as an Asset of Community Value and is listed on English Heritage’s “buildings at risk” register.

Cllr Alan Strickland, Haringey Council Cabinet Member for housing and regeneration, said: “We’re committed to finding the right future for Hornsey Town Hall – one that will bring the significant investment and careful restoration needed to ensure that future generations can continue to enjoy this much-loved building.

“Far from simply ‘selling to the highest bidder’ we want to see innovative, imaginative and viable bids that offer an exciting future for the Town Hall.

“All bidders will be assesses against a set of clear criteria, including community access. Any bids that fail to meet these criteria will not be successful.”

The OJEU notice can be viewed at: http://ted.europa.eu/udl?uri=TED:NOTICE:402048-2015:TEXT:EN:HTML