Awarded contract

Contract for the Development of Flowers Lane and Purchase of 460 Additional Housing Units

Details

Buyer
Torus
Value
£124,000,000
Duration
5 years
Topic
Site-development work
Published
1 November 2022

Tender description

The development agreement relates to sale of Torus62 Developments Ltd's Flowers Lane site to the developer, who will provide build-out of 120 x s.106 units and provide a further 460 x housing units to Torus62 Developments Ltd across various additionality sites. The development agreement is being entered into by Torus62 Development's Ltd for the purpose of providing affordable housing that will support the existing and future needs of the local community.

Timeline

  1. Completed: Award published1 November 2022
    Current notice
  2. Completed: Award date30 November 2022
  3. Next: Contract expiry date1 November 2027in 12 months

About the buyer

Torus is a housing association operating across Liverpool, St Helens and Warrington, trading under that name as Torus62 Limited. New-build contracts are commissioned through JV North, a shared framework run by nine housing associations across the north of England. Repairs and maintenance run under a separate framework, with a lead contractor and a secondary contractor.

Over the past 5 years, most of Torus's contract awards have been in business services, construction work and IT services.

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Decision makers

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