Tender launched for USD912.38 million regeneration PPP project in UK
Wandsworth Borough Council in the UK has launched a tender notice seeking a private partner to establish a joint venture (JV) for regeneration of Alton Estate. The JV will develop multiple sites of circa 12.5 hectares (30.94 acres) area within the Alton West and Alton East Estates in South-West London.
The JV will be responsible for the development of 1,108 new and replacement high-quality homes alongside a range of non-residential uses. The Council will contribute land into the JV on a phased basis under a 250-year lease and may provide funding via loans or equity contributions. The concession period for the project is 20 years.
The deadline to submit the response to the tender notice is April 14, 2022. For more information about this tender, visit our business opportunities page here.
Country news
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