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POTENTIAL DELIVERY OF NEW HOMES
Descriptions
THIS IS NOT A PROCUREMENT EXERCISE AT THIS STAGE. Daventry District Council (DDC) is looking to carry out a market engagement exercise with potential developers. The Council is seeking views from developers in relation to further developing an understanding of the how to proceed with the potential design, construction, marketing and sale of 50+ new homes on land owned by DCC, known as Site 8 East at Middlemore, Daventry. Developers are asked to consider a number of questions set out on the attachment and let DDC know their views. As well as providing a prime residential development site, DDC has a capital budget of approximately £7.5million it can invest into this potential development. This does not preclude a potential development partner from adding its own capital to this budget. DDC is expecting a cash return on its investment as opposed to physical assets. The return DDC receives is intended to represent a fair share of the overall profit arising from developing the site taking into account costs, sales and land value. This Market Engagement Exercise is seeking views on how this arrangement, including the financial aspects, may best work. DDC is looking for a potential development partner, in order to capitalise on the experience and knowledge of the private house building sector that it could bring to this project. In return DDC will offer an alternative funding source to any other that an established housing building company may currently draw upon. With housing sites becoming harder to secure it is also offering an allocated housing site on a very attractive housing estate on the edge of Daventry. Feasibility work has been undertaken on this site which has reviewed planning and site information, indicating that there are no major obstacles to its potential development. A capacity study undertaken indicates that it is possible to accommodate on the site a scheme of 50+ units (based on around 35 units per hectare) of mixed sizes and type of units, ranging from 1 bed flats through to 5 bed detached houses. It will be the responsibility of the developer to propose what is thought to be the most appropriate mix for this site taking into account local housing needs and demands and the requirement to deliver a minimum return on DDC's investment, within a set timescale. However there will be some quality standards too that the developer will be asked to comply with, as set out below. Of the 50+ units to be built, 25% of the units will be affordable and made available to a registered provider, to be selected by the developer but agreed with DDC. The remaining units will be designed, built, marketed and sold by the developer.
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Tender Regions
CPV Codes
45215214 - Residential homes construction work
45215210 - Construction work for subsidised residential accommodation
70123100 - Sale of residential real estate
70110000 - Development services of real estate
45211360 - Urban development construction work
70331000 - Residential property services
45111291 - Site-development work
Keywords
site-development work
urban development works
municipal site prep
land development
utility enablement
site servicing
utility corridor prep
potable water site development
gas site works
prebuild site servicing
urban redevelopment
city regeneration
public realm works
streetscape construction
urban infrastructure build
civic space construction
plaza construction
community improvement
city centre enhancement
urban renewal
subsidised housing build
social housing construction
affordable residential units
low-income dwelling erection
government-supported residence
public subsidy housing facility
community rental housing construction
assisted living build
council housing structure
funded accommodation build
residential care home
communal living facility
adult support housing
group dwelling construction
shared accommodation building
assisted residence structure
supported housing unit
co-living space build
family-style care home
therapeutic living home
real estate development
property development
land development services
estate project planning
development project management
urban development
building development
property enhancement
development consultancy
real-estate growth services
residential property sales
home selling services
housing sales
dwelling market lease
residential estate trade
home transaction services
house sales agency
residential realty selling
housing brokerage
residential property deals
residential estate management
housing property services
home facility oversight
tenant services
dwelling property care
residential building maintenance
tenant liaison services
housing estate operations
tenant support services
home property administration
Tender Lot Details
2 Tender Lots
Workflows
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Possible Competitors
1 Possible Competitors
