Source: https://tendernation.io/opportunities/01a13c38-9f72-70bf-9d3e-3bc7acafdebf/housing-annuity-leaseback-model-phase-2

awarded GB restricted procedure

# Housing Annuity Leaseback Model Phase 2

[Newcastle City Council](https://tendernation.io/buyers/newcastle-city-council)

Pays 94% within 30 days

Estimated value

£1,800,000 to £25,000,000

Published

6 Mar 2019

Deadline

Closed

12 Apr 2019

## About this tender

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.

## CPV classification

Construction work

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/392a1475-b19a-4e1b-982a-b4aea34e1c74)

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