3-7 Corporation Street Rotherham Development Delivery Partner

Tender description

Rotherham Metropolitan Borough Council is seeking to appoint a developer to deliver, manage and own a residential led mixed-use development on 3-7 Corporation Street, Rotherham. This site can make a significant contribution towards the delivery of a revitalised Town Centre. The disposal of the site will be in accordance with RMBC's corporate and policy objectives and be subject to developer and funding agreements. The total anticipated contract value is £4.2million This estimate is based on Council contribution plus anticipated sales value of residential and commercial units outlined in the current scheme. The Council is seeking to appoint a developer who will lead, finance, manage delivery, and retain ownership of the scheme. Other than securing and transferring the land to the developer and funding any viability gap that may exist on the development, the Council does not anticipate having any role in the development or the longer-term ownership and management of the site.