2526-0569 New Homes Housing Partnerships
Description: Expressions of interest are invited for a development partner to enter into an overarching partnering agreement for the delivery of a multi-site New Homes Housing Portfolio. Under that overarching partnering agreement, once the initial concepts and site specific principles have been agreed, the Council and the development partner will then enter into development agreements for each site. Further detail in respect of the opportunity and the Sites is set out in the Memorandum of Information and Project Brief. The portfolio is expected to include circa. 3-7 sites, each of which are expected to be residential led developments. The Council's primary, driving ambition is to maximise the supply of genuinely affordable homes in its area, funded through the land value of the sites. It should be noted that the (read more...)
Summary: Islington Council is initiating a tender titled "2526-0569 New Homes Housing Partnerships," focusing on a multi-site housing portfolio. The industry category is primarily construction, encompassing residential real estate development, building consultancy, and construction management services within the London region. The procurement is currently at the tender stage with a total estimated value of £500 million. Key dates include the expression of interest deadline on April 24, 2026, and the award period expected to conclude by January 21, 2027. Initial concepts and principles will be formed under an overarching partnership agreement, followed by site-specific development agreements. The procurement method aims for a competitive flexible procedure, ensuring a thorough evaluation of bidders' technical and financial capabilities. The contract is planned to start on March 31, 2027, and could potentially extend till 2042.