Tender launched for development of mixed use development in Stockport

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Stockport Metropolitan Borough Council (SMBC) in UK has launched the tender seeking infrastructure developer for the mixed-use development project in Stockport Town center. The mode of procurement is design, finance, built and maintenance.

The project features residential development element of the Stockport Interchange Mixed Use scheme. The Stockport Interchange Mixed Use scheme comprises redevelopment of the existing bus station within Stockport town centre, to create a mixed-use development which drives both financial and regeneration benefits from the site. The development partner is required to invest equity investment and secure development funding, assist with design development, and implement residential property and asset management (including lettings and tenants) relating to the residential development element.

Under the scheme total of 196 units having a mixture of 2 bed and 1-bed units beneath will be developed with provision for car parking spaces and commercial/amenity space.

The private developer will be responsible to invest equity into a Special Purpose Vehicle (SPV) and secure development funding sufficient to deliver the Residential Development; Adopt a collaborative working partnership with SMBC, GMCA and TfGM to progress the design development and delivery of the Residential Development. To include identification and delivery of value engineering opportunities and maximizing gross development value and financial returns to stakeholders; and Implement residential property and asset management via the SPV over a minimum term, including management of lettings and tenants.

The maintenance period for the project is for 15 years. Deadline to submit the response for the project is July 22, 2019.

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