Development of residential real estate

Tender description

North Somerset Council is seeking a development partner by way of a concession, to deliver a residential development at the Parklands Village in Weston-Super-Mare. The tender documents will be available on www.supplyingthesouthwest.org.uk North Somerset Council is seeking a development partner by way of a concession, for the first phase of the Council’s land interest at Parklands Village, Weston-super-Mare for the delivery of 425 residential units, including 30% affordable housing. The development of the council’s land ownership has secured Outline Planning Consent; a financial return is assumed in the council’s capital programme. Funding has been granted by Homes England to support an accelerated delivery pace. The local authority accelerated construction grant includes a number of requirements focused around accelerating housing delivery, use of modern methods of construction (MMC) and the provision of affordable housing. The council will be using the Homes England building lease.The council will use this competitive process to select a preferred development partner who is able to offer both the quality of scheme and the best consideration in terms of land payment being offered. The council intends to follow a process similar to the competitive dialogue procedure. The Concession Contracts Regulations 2016 (‘CCR’) apply to this scheme.