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Peabody launches £100m tender for its development programme
Peabody has launched a £100m tender to find companies to help deliver its development programme as it seeks to accelerate the number of homes it builds.
The notice, which was published via the Official Journal of the European Union (OJEU), calls for architects, structural engineers, quantity surveyors and planning consultants to bid for the opportunity to help deliver the housing association’s new homes.
The total value of the contracts, which will run for four years, is £100m and the tender states that the work would suit small or medium companies.
Peabody is required to tender the contracts via the OJEU system because they are above the value threshold for work of this type.
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According to the company’s latest strategy, it aims to go from building 2,500 new homes a year to 3,300 new homes a year from 2021/22 onwards, providing the economic climate means this remains financially viable.
It aims to build a third of its homes for social rent, a third for shared ownership and a third for market sale, with the sale properties subsidising its other activities.
Last month, Peabody, which owns more than 56,000 homes, signed a deal with developer Lendlease to join forces to build 11,500 homes in the western part of Thamesmead, London.
Peabody also bought the site that used to house London’s Holloway prison, where it plans to build 1,000 new homes, 60% of which will be affordable housing.
Update: at 12.20pm 08/11/19 this story was updated to reflect that the contracts will run for four years, not two as previously stated.
