Awarded contract

Package Deal at Corinthian Way, Cheltenham

Details

Supplier(s)
STONEBOND PROPERTIES (BIRMINGHAM) LIMITED
Value
£17,577,346
Duration
5 years
Topic
Building construction work
Published
16 June 2026

Tender description

Guinness Developments Limited (GDL") have awarded a build contract with Stonebond Properties (Birmingham) Limited. This scheme is a traditional land and build "package" brough to GDL by Stonebond, which will result in the construction of up to 60 homes on land at Corinthian Way, Cheltenham, GL51 6UP. The package deal comprises the unconditional purchase of land from Stonebond by GDL and the construction of the new homes as an exempt transaction under Procurement Act 2023. The Contracting Authority will be GDL who are a subsidiary of The Guinness Partnership Limited ("TGPL"). Ownership of the properties will be transferred to TGPL upon practical completion or Golden Brick. Please note that VAT is only payable on the land purchase element of the contract. The build element of the contract is not subject to VAT. ## Contract award Title: Package Deal at Corinthian Way, Cheltenham

Timeline

  1. Completed: Award published16 June 2026
    Current notice
  2. Completed: Award date16 June 2026
  3. Next: Contract expiry date31 December 2030in 4 years

About the buyer

Guinness Developments Ltd is a public sector buyer in the United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

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