Project Information
Project name: UK: Newcastle housing PPP
Project description:

The authority is seeking partners to design, build and finance 148 homes across five sites under a 40-year concession. 

The £18m contract involves the delivery of 53 assisted-living units at the Parkway site, 20 dementia-care apartment units at Clumber Street site, 22 units at the former Westerhope Day Centre site, 19 at the Avision Street and Douglas Terrace site and 34 at Coniston Court. 

Under the plans, the council will lease the properties through an Annuity Lease Back Model (ALBM), at the end of which ownership will return to the council; the private partner will profit from leasing the properties back to the authority. 

Bidders have until midday on 23 March 2017 to express their interest. 

Related Headlines

22 February 2017 - Newcastle launches housing project 

15 November 2016 - Housing project planned in Newcastle

Type: PPP
Sector: Housing & regeneration
Region: UK - - North East
Current status: Advertised - 15/11/2016
Contract Terms
Capital value: £18.00m
Public Sector Procuror Details
Authority/Commssioning body: Newcastle City Council
Public sector contact: Newcastle City Council
Commissioning and Procurement, City of Newcastle upon Tyne, Room 104, Civic Centre, Barras Bridge
Newcastle upon Tyne
United Kingdom
Contact person: Chris Rush / Heather Rothwell
Telephone: +44 1912116930
Fax: +44 1912114832

This page was last updated on:
22 February 2017.


Phil’s fillip

The Autumn Budget did offer some signs of potential, but delivery remains a big question


‘A Great Journey’

Phillip Hall, MUFG’s head of structured finance for EMEA, tells Paul Jarvis how the bank is evolving to thrive in the changing PPP world


Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...