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Package Deal at Corinthian Way, Cheltenham

GUINNESS DEVELOPMENTS LIMITED

This public procurement record has 2 releases in its history.

Award

17 Jun 2026 at 16:25

UK6 - Contract Award Notice
Award

16 Jun 2026 at 16:04

UK5 - Transparency Notice
Summary of the contracting process

In a significant development, Guinness Developments Limited (GDL), a subsidiary of The Guinness Partnership Limited, has awarded a direct-build contract to Stonebond Properties (Birmingham) Limited for a project titled "Package Deal at Corinthian Way, Cheltenham." This project falls within the building construction industry, classified under the CPV code 45210000, and is situated in Cheltenham, UKK1 region. The procurement stage is at the Award phase, having been completed on 17th June 2026, with the contract set to commence on 30th June 2026 and extend potentially until 2032. The procurement method employed was a direct award, based on several factors, including significant local housing needs and the unavailability of alternative sites for development. The project entails constructing up to 60 residences, and the final ownership will be transferred to TGPL upon completion.

This tender presents a substantial opportunity for businesses involved in building construction, particularly those specialising in residential development projects. Companies that can offer innovative building solutions, work efficiently within planning constraints, and manage development risks effectively would be well-suited to benefit from engagement in similar future tenders. Small and medium enterprises (SMEs) could find particular opportunities, as evidenced by the participation of Stonebond Properties, an SME, enhancing their credentials and experience in large-scale construction projects. Furthermore, businesses adept in navigating planning approvals and managing potential cost inflations due to planning delays would find strategic growth prospects in this phase of public procurement.

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Notice Information

Notice Title

Package Deal at Corinthian Way, Cheltenham

Notice Description

Guinness Developments Limited (GDL") have awarded a build contract with Stonebond Properties (Birmingham) Limited. This scheme is a traditional land and build "package" brough to GDL by Stonebond, which will result in the construction of up to 60 homes on land at Corinthian Way, Cheltenham, GL51 6UP. The package deal comprises the unconditional purchase of land from Stonebond by GDL and the construction of the new homes as an exempt transaction under Procurement Act 2023. The Contracting Authority will be GDL who are a subsidiary of The Guinness Partnership Limited ("TGPL"). Ownership of the properties will be transferred to TGPL upon practical completion or Golden Brick. Please note that VAT is only payable on the land purchase element of the contract. The build element of the contract is not subject to VAT.

Procurement Information

The reasons why Guinness Developments Limited considers that this direct award justification applies is because: (a) the Supplier is prepared to sell the land only as part of arrangements that include its development, (b) GDL and Cheltenham Borough Council have significant unmet housing needs in the locality of the development, evidenced through long housing waiting lists, (c) There is no other land on the market which is available for social housing development within reasonable timeframes local to the unmet needs for development.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b644
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/057298-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45210000 - Building construction work

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£17,577,346 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jun 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Jun 20262 months ago
Contract Period
30 Jun 2026 - 31 Dec 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GUINNESS DEVELOPMENTS LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
NW1 3AX
Postcode Area
North West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified
Local Authority
Camden
Electoral Ward
Regent's Park
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

STONEBOND PROPERTIES (BIRMINGHAM) LIMITED

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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