---
title: "Package Deal at Corinthian Way, Cheltenham"
ocid: "ocds-h6vhtk-06b644"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06b644"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b644.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b644.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "GUINNESS DEVELOPMENTS LIMITED"
published: "2026-06-17"
---

# Package Deal at Corinthian Way, Cheltenham

Buyer: GUINNESS DEVELOPMENTS LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-06b644

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06b644.json)

## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/057298-2026 |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Jun 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 15 Jun 2026 |
| Contract period | 29 Jun 2026 - 31 Dec 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £17,577,346 |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | GUINNESS DEVELOPMENTS LIMITED |
| Locality | LONDON |
| Post town | North West London |
| Postcode | NW1 3AX |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI36 Camden |
| Local authority | Camden |
| Electoral ward | Regent's Park |
| Westminster constituency | Holborn and St Pancras |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | STONEBOND PROPERTIES (BIRMINGHAM |

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45210000 - Building construction work

## Release History

- 17 Jun 2026 at 15:25 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/057298-2026
- 16 Jun 2026 at 15:04 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/056785-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/057298-2026
  17th June 2026 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/056785-2026
  16th June 2026 - Transparency notice on Find a Tender

## Notice URLs

- http://www.stonebondproperties.com
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-h6vhtk-06b644. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06b644.json.