Contracts Finder · Award
Housing Annuity Leaseback Model Phase 2
A public procurement published by Newcastle City Council via Contracts Finder.
- £22.5m
- Award value
- £25m
- Tender value
- 1
- Suppliers
- 1
- Awards
- 2
- Notices
- Award
- Stage
Overview
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.
Key details
- Source
- Contracts Finder
- Lifecycle stage
- Award
- Status
- active
- CPV classification
- 45000000 — Construction work
- Currency
- GBP
- Total award value
- £22,481,981
- Tender value
- £25,000,000
- First published
- 6 Mar 2019
- Last updated
- 30 Oct 2019
Awards
1 award recorded on this procurement.
| Supplier | Companies House | Awarded | Status | Value |
|---|---|---|---|---|
| Tolent Construction Ltd (Appointed to Lots 1, 2 & 3) | — | 16 Oct 2019 | active | £22.5m |
Notice timeline
Every published notice in this procurement's lifecycle.
All suppliers
Frameworks & programmes
More from Newcastle City Council
FAQs about this procurement
Who is the buyer for "Housing Annuity Leaseback Model Phase 2"?
Housing Annuity Leaseback Model Phase 2 is a UK public-sector procurement published by Newcastle City Council via Contracts Finder.
Has "Housing Annuity Leaseback Model Phase 2" been awarded?
Yes — 1 award is recorded, with a reported total value of £22,481,981. The current lifecycle stage is "Award".
Which suppliers are involved in "Housing Annuity Leaseback Model Phase 2"?
1 supplier is linked: Tolent Construction Ltd (Appointed to Lots 1, 2 & 3).
What is "Housing Annuity Leaseback Model Phase 2" worth?
The reported award value is £22,481,981.
When was "Housing Annuity Leaseback Model Phase 2" published?
It was first published on 6 Mar 2019 and last updated on 30 Oct 2019, across 2 notices.
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