NEWCASTLE CITY COUNCIL · Awarded contract

Awarded

Design, Build and Leaseback of 148 New Homes for Newcastle City Council

Awarded 03 Jan 2018

View live tenders

Awarded03 Jan 2018

Value£18,503,515.00

SupplierTolent Living Limited

AgencyNEWCASTLE CITY COUNCIL

RegionNorth East

CategoryConstruction

Ended 7y 2mo ago1y 8mo term

Awarded 3 Jan 2018Expired 29 Aug 2019

About

Newcastle City Council awarded a contract to Tolent Living Limited for the finance, design, build and fit-out of 148 new homes across five sites in the city under an Annuity Lease Back Model (ALBM).

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

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

The contract value is £18,503,515.

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