Legal Advisory Services for Project Avocet Residential Property Framework
Awarded 16 Jan 2022
About
Breckland District Council and South Holland District Council awarded a contract to Bevan Brittan for legal advisory services related to Project Avocet.
The project involves a proposal from a potential partner to enter into a framework agreement to identify, acquire, and refurbish approximately 300 residential properties over a maximum three-year period, which would then be let to the Council on a long, inflation-linked lease (3 x 20-year periods, totaling 60 years) with initial rent at a discount to Local Housing Allowance rates.
The Council would manage the properties, handling ongoing lettings and repairs and receiving all rents.
The contract value is AUD 23,250.
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