Awarded Contractocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74

Housing Annuity Leaseback Model Phase 2

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 Li...

Buyer

Newcastle City Council

Value

£22,481,981

Published

30 Oct 2019

Closes

12 Apr 2019

Procurement details

Source

Contracts Finder

Region

United Kingdom

Procurement method

Selective

Category

Works

Contract starts

17 Oct 2019

Contract ends

30 Sept 2024

CPV classifications

45000000

Construction work

Lots

Lot default Housing Annuity Leaseback Model Phase 2

£25,000,000

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....

Delivery: North East · United Kingdom, North East, United Kingdom

Opportunity notice on Contracts Finder

6 Mar 2019

Opportunity notice on Contracts Finder

Tender notice · Web page

Awarded contract notice on Contracts Finder

30 Oct 2019

Awarded contract notice on Contracts Finder

Award notice · Web page

Contains public sector information licensed under the Open Government Licence v3.0.