2526-0569 New Homes Housing Partnerships
Description: London Borough of Islington is intending to undertake a procurement exercise seeking a development partner to enter into an overarching partnering agreement for the delivery of a multi-site 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. The portfolio is currently 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 'total value (estimated)' stated below in this notice is the estimated gross development value of all (read more...)
Summary: Islington Council is in the planning stage of a notable procurement process titled "2526-0569 New Homes Housing Partnerships." This initiative is tailored towards the development of a multi-site housing portfolio focusing on residential constructions within the London region, specifically under the classification of construction work. The procurement aims for an overarching partnering agreement with an initial emphasis on site-specific principles to guide subsequent development agreements for about 3 to 7 residential-led sites. This project's main ambition is to maximise genuinely affordable housing in Islington, with funding derived from land values of these sites. The communication phase anticipates a future notice date by 16th March 2026, and the contract period stretches from 1st February 2027 to 1st February 2037, with an estimated gross development value reaching £500 million GBP.