---
title: "Housing annuity Leaseback Model"
ocid: "ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NEWCASTLE CITY COUNCIL"
published: "2018-02-12"
---

# Housing annuity Leaseback Model

Buyer: NEWCASTLE CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f

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## Summary

Newcastle City Council is currently facilitating a procurement process for a project titled "Housing Annuity Leaseback Model," aimed at constructing 148 new homes, including Assisted Living apartments, Tyneside flats, and bungalows across five sites in the North East of England. The procurement is classified under Construction work and is in the award stage, with the contract value estimated at £18 million. The contract period is set to commence on 3rd January 2018 and conclude on 30th August 2019. The procurement method used is selective, specifically a competitive dialogue process, with the tender period closing on 23rd March 2017.

This tender presents a significant opportunity for construction firms, particularly those with experience in residential projects, to grow their business by participating in the development of homes for an ageing population. Businesses that excel in finance, design, and construction will find themselves well-suited to compete, especially given the long-term fixed return associated with the Annuity Lease Back Model. With the successful bidder being Tolent Living Limited, there may also be opportunities for subcontracting and collaboration with large-scale developers 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 148 new homes (including Assisted Living apartments, Tyneside flats and bungalows) on 5 sites 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/2df17ccc-8b7c-4728-93d2-2b70997d98e4 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Works |
| Procurement method | Selective |
| Procurement method details | Competitive dialogue (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Feb 2018 |
| Submission deadline | 23 Mar 2017 |
| Future notice date | Not specified |
| Award date | 2 Jan 2018 |
| Contract period | 3 Jan 2018 - 30 Aug 2019 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £18,000,000 |
| Lots value | Not specified |
| Awards value | £18,503,515 |
| 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 LIVING |

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45000000 - Construction work

## Release History

- 12 Feb 2018 at 09:48 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/2df17ccc-8b7c-4728-93d2-2b70997d98e4
- 24 Mar 2017 at 12:14 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/72c1bb62-2d5e-4399-aa4f-99e897820b17

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/2df17ccc-8b7c-4728-93d2-2b70997d98e4
  12th February 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/72c1bb62-2d5e-4399-aa4f-99e897820b17
  24th March 2017 - 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-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f.json.