Tender launched for USD397 million Mixed-use PPP project in UK

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Tender launched for USD397 million Mixed-use PPP project in UK

Bristol City Council has launched a tender notice seeking a development partner for Hengrove Park residential-led development project in South Bristol on land owned by Bristol City Council, UK.

The Council's vision for Hengrove Park is to create an award winning new neighborhood and destination public park, which fosters community and becomes a great place where people choose to live and visit. The development will include a mix of houses and apartments, market and affordable, as well as new community and sports facilities, education and employment space. It will also play a key role in providing investment into skills, training, employment and education for the benefit of local people in Hengrove Park and the surrounding area.

A minimum of 30% of the new homes delivered at Hengrove Park must be Affordable Housing, with rents set at Social Rent levels, or for Shared Ownership ('part rent, part buy') at below market values. 

In addition, new homes are required to be built to fully adhere to the Council's current or future planning policy in terms of environmental sustainability, including measures to reduce energy consumption, use energy from renewable sources, promote sustainable travel, and reduce carbon emissions for people living, working or studying at Hengrove Park.

The deadline to submit the bids is May 06, 2021. The concession period for the project is 9 years.

For more information about this opportunity, click here.

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