---
title: "Housing Annuity Leaseback Model Phase 2"
ocid: "ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NEWCASTLE CITY COUNCIL"
published: "2019-10-30"
---

# Housing Annuity Leaseback Model Phase 2

Buyer: NEWCASTLE CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74.json)

## Summary

The Newcastle City Council has initiated a procurement process titled "Housing Annuity Leaseback Model Phase 2", aimed at financing, designing, building, and fitting out new homes across eight sites in the North East of England. The project has a total estimated value of £25 million, with a minimum contract value of £1.8 million. The procurement method employed is a selective competitive procedure with negotiation, and the tender period ended on 12 April 2019. The contract is set to span from 1 October 2019 to 30 September 2024, focusing on the construction sector, particularly involving works related to housing and assisted living facilities.

This tender presents significant opportunities for construction firms that specialise in building residential properties, particularly those experienced in projects that involve assisted living or similar housing solutions. Businesses with capabilities in financial structuring and long-term asset management will also find this contract appealing, given the leaseback arrangement proposed by the Newcastle City Council. Companies that can meet the necessary specifications and standards for the project are well-placed to compete effectively for this multi-million pound contract, which aims to enhance housing options for older persons in the region.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/38b58553-ea86-4d44-997c-1e7274cc2dd0 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Works |
| Procurement method | Selective |
| Procurement method details | Competitive procedure with negotiation (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 30 Oct 2019 |
| Submission deadline | 12 Apr 2019 |
| Future notice date | Not specified |
| Award date | 16 Oct 2019 |
| Contract period | 17 Oct 2019 - 30 Sep 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £25,000,000 |
| Lots value | Not specified |
| Awards value | £22,481,981 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NEWCASTLE CITY COUNCIL |
| Locality | NEWCASTLE |
| Post town | Newcastle upon Tyne |
| Postcode | NE1 8QH |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Monument |
| Westminster constituency | Newcastle upon Tyne Central and West |
| Delivery location | TLC North East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | TOLENT CONSTRUCTION |

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45000000 - Construction work

## Release History

- 30 Oct 2019 at 13:48 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/38b58553-ea86-4d44-997c-1e7274cc2dd0
- 6 Mar 2019 at 10:16 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/511ed77e-6bf7-48ae-9eb3-8fe0b6b8769a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/38b58553-ea86-4d44-997c-1e7274cc2dd0
  30th October 2019 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/511ed77e-6bf7-48ae-9eb3-8fe0b6b8769a
  6th March 2019 - Opportunity notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74.json.