Housing Annuity Leaseback Model Phase 2
Details
- Supplier(s)
- Tolent Construction Ltd
- Value
- £13,400,000
- Duration
- 5 years
- Topic
- Construction work
- Published
- 30 October 2019
- Source
- ContractsFinder
Tender description
Newcastle Council wishes to invite organisations to finance, design and build and fit out new homes on specific sites and to certain standards and specification which the Council will lease back for a set period of time under an Annuity Lease Back Model 'ALBM',. At the end of this period of time all property and assets will revert back to Council ownership. By leasing the properties back to the Council the partner will secure a long term fixed return for the investment. There are 199new homes (including Assisted Living apartments, Tyneside flats and bungalows) on 8 ites across the city envisaged for inclusion. This will deliver older persons housing, and an assisted living scheme.
Timeline
- Completed: Award date17 October 2019
- Completed: Award published30 October 2019Current notice
- Completed: Contract expiry date30 September 2024
About the buyer
Newcastle City Council is the local authority for the city of Newcastle, and runs commissioning and procurement as a single service serving the whole council.
The NEPO Supplier Partnership Programme offers free bid-writing training to local organisations.
Over the past 5 years, most of Newcastle City Council's contract awards have been in construction work, IT services and health and social work.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@newcastle-city-council.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@newcastle-city-council.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@newcastle-city-council.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@newcastle-city-council.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@newcastle-city-council.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@newcastle-city-council.gov |
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