Procurement of a Joint Venture partner to undertake the development of Turweston Road, Brackley
The procurement contact named on the official notice.
This is a large award for Construction — above three-quarters of comparable contracts. Based on 64,002 valued Construction tenders in our corpus.
Catalyst Housing Limited (CHL) is the owner of development land at Turweston Road, Brackley with detailed consent for 350 residential units and is now seeking to appoint a private sector developer partner to form a corporate LLP joint venture (JV) vehicle on a 50:50 basis to develop Turweston Road.
Selection of a JV partner will be undertaken under the Lean Competitive Dialogue Procedure.
Bringing investment and expertise across the development process, the JV partner will work in JV with CHL to optimise post planning design, undertake phased construction of the resulting scheme and market and sell the private sale units delivered.
All intermediate and affordable units delivered will be acquired from the JV by CHL at an appropriate market rate.
In terms of the best partner therefore, while JV experience is valuable, key is the ability to bring expertise to bear to maximise commercial returns through delivery of an optimised scheme.
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- OCID
- ocds-h6vhtk-030b6f
- Stage
- tender · Open
- Source
- Find a Tender
- Buyer ref
- 001238-2022
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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