Delivery Partner Panel 3 - North East, Yorkshire & The Humber Lot, Cottingwood - St Georges Phase 1, Morpeth, Northumberland - Modification Notice

Descriptions

Homes England's Cottingwood Phase 1 site at the former St Georges Hospital, Morpeth is a residential development delivering 260 homes with 15% affordable. This was originally procured via Homes England's Development Partner Panel 3 (DPP3) during 2021/22. The purpose of this additional contract notice is to provide explanation of a modification that has become necessary since the original contract was agreed. The details of this modification are provided below. Please note that contract dates have been revised to reflect the updated timescale and the value has been increased to reflect the updated Gross Development Value (GDV). Costs have increased to a higher degree resulting in the reduction in land value outlined in the additional details section. This notice and the previous notice do not disclose the land value for commercial sensitivity reasons.