NEWCASTLE CITY COUNCIL · Awarded contract

Awarded

Construction of 199 Homes Under Annuity Leaseback Model Phase 2 for Newcastle City Council

Awarded 30 Sep 2019

View live tenders

Awarded30 Sep 2019

Value£22,481,981.00

SupplierTOLENT CONSTRUCTION LIMITED

AgencyNEWCASTLE CITY COUNCIL

RegionNorth East

CategoryConstruction

Ended 2y 1mo ago5y term

Awarded 30 Sept 2019Expired 29 Sept 2024

About

Newcastle City Council awarded a contract to TOLENT CONSTRUCTION LIMITED for the finance, design, build, and fit-out of 199 new homes across 8 sites in the city under the Annuity Leaseback Model (ALBM) Phase 2.

The homes include assisted living apartments, Tyneside flats, and bungalows, delivering older persons housing and an assisted living scheme.

The Council will lease back the properties for a set period, after which all property and assets will revert to Council ownership.

The contract value is AUD 22,481,981.

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