Contract for the Development of Flowers Lane and Purchase of 460 Additional Housing Units

Tender description

The development agreement relates to sale of Torus62 Developments Ltd’s Flowers Lane site to the developer, who will provide build-out of 120 x s.106 units and provide a further 460 x housing units to Torus62 Developments Ltd across various additionality sites. The development agreement is being entered into by Torus62 Development’s Ltd for the purpose of providing affordable housing that will support the existing and future needs of the local community. Lot 1: Modification to add Phases 3 & 4 of the Flowers Lane housing development to the existing contract. Includes site preparation, infrastructure, and construction of residential units. Works are to be delivered by Castle Green under Reg. 72(1)(b) PCR 2015, as changing contractor is not possible for economic or technical reasons and would cause significant inconvenience or cost duplication.