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Homes England Water Lane, Exeter Valuation

Homes England (the name adopted by the Homes and Communities Agency)

This public procurement record has 1 release in its history.

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22 Sep 2026 at 15:16

UK7 - Contract Details Notice
Summary of the contracting process

Homes England commissioned a professional real estate valuation of its Water Lane site in Exeter. The purpose was to inform a potential acquisition, so the requirement centres on establishing the site's value rather than carrying out construction, development or property management. The service is classified as real estate services (CPV 70000000). Homes England, the public authority responsible for the procurement, is the buyer. The work relates to the Water Lane site in Exeter, with delivery recorded in the United Kingdom. This is a single-service requirement awarded as one lot, and is relevant to firms providing property valuation advice for public-sector land acquisition decisions.

The procurement is complete and the contract is active. Homes England used a selective, non-competitive route: a below-threshold award under an existing framework. The contract was signed on 19 June 2026, runs from 25 June to 31 July 2026, and was awarded to Savills (UK) Ltd. The contract value is £15,300 excluding VAT and £18,360 including VAT. The requirement was evaluated and awarded through the framework route rather than an open competition. It concerns one completed lot for the Red Book valuation of the Water Lane, Exeter site. The published outcome confirms Savills as the selected supplier.

For competing firms, this award demonstrates demand from Homes England for formal property valuation to support potential land acquisitions. A credible future supplier would need the professional capability to inspect and assess a development or acquisition site, produce a valuation compliant with the RICS Red Book, and present evidence that can support public-sector investment and acquisition decisions. Relevant experience in real estate valuation, land and development appraisal, and advising public bodies or institutional clients would strengthen a comparable proposition. The procurement also shows that Homes England uses a framework-based, below-threshold route for this type of specialist service, so firms seeking similar work should consider the framework route and maintain the capacity to deliver a focused valuation assignment.

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Notice Information

Notice Title

Homes England Water Lane, Exeter Valuation

Notice Description

Instruction by Homes England to carry out a Red Book Valuation of the site to inform the potential acquisition.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0777c2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/089741-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Below threshold - award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£15,300 Under £100K

Notice Dates

Publication Date
22 Sep 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
25 Jun 2026 - 31 Jul 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Homes England (the name adopted by the Homes and Communities Agency)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE4 5BZ
Postcode Area
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified
Local Authority
Newcastle upon Tyne
Electoral Ward
Arthur's Hill
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

Savills

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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