NU/1639 The Procurement of a Development Partner

Description

Newcastle University Developments Ltd is a subsidiary of Newcastle University. Newcastle University is a world leading research university working in partnership with Newcastle City Council, NHS trusts and local stakeholders to regenerate the 29 acre site of the former city General Hospital. The University and Newcastle University Developments Ltd acquired 27 acres of the 29 acre site in April 2019 and since then have arrived at a clear Vision with accompanying objectives as to what they want to achieve on the Campus for Ageing & Vitality (CAV). The University intends to help people live longer and healthier lives by leveraging their international reputation for ageing research and by providing a range of accommodation solutions on CAV. The land to be regenerated by the Principal Development Partner is or will be under the ownership of Newcastle University Developments Ltd. Building on the success of the Helix site and National Innovation Centres for Aging and Data, Newcastle University Developments Ltd (NUDL) are developing this site to be a world leading example of intergenerational living co-locating education, health and a spectrum of residential developments. Their vision is to help people live longer and healthier lives through their global leadership in ageing and research, providing innovative solutions for living, leisure, learning and employment from Newcastle, for the world. Newcastle University, on behalf of the Newcastle Developments Ltd are looking to select their principal development partner. Lot 1: The scope of the appointment is set out in the associated Development Brief document along with supporting information to the returnable questions below. • Newcastle University Developments Ltd are seeking a long-term Partner to regenerate, and create a destination site, with CAV. • Increase land values over time with a phased development approach. • Enable all aspects of the Vision, in particular the research aspirations of Newcastle University. • Promote sustainability as a core element of the regeneration. The estimated cost of the tender is from £35,000,000 to £60,000,000. These figures represent the range of the potential gross development cost. The wide range is due to the diverse mix of possible uses and densities based upon the business model and commercial consideration of Bidders proposals.