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Hunt on for homes scheme

CONTRACTS - CROYDON

A TRIO of firms are contesting a £22 million Private Finance Initiative housing deal in south London.

Not-for-profit group Housing 21 is competing against Kier and an alliance between Geoffrey Osborne, Eldon Housing Association and funder UME for the sheltered accommodation project.

Croydon Borough Council is issuing initial bid documents for the deal, known as New4Old, via an electronic dealing room.

Final tender documents will be issued in early January.

The council aims to move from seven existing properties to four new blocks, as well as a fifth unit to be provided through a separate contract.

The new build will include a 43-bed sheltered housing unit, a 50-place elderly resource centre and two 50-bed units for mentally ill patients.

One of the two mental health blocks will include a 24-place day activity centre to support elderly patients living at home and offices for the Alzheimer's Society.

A preferred bidder will be appointed in summer 2005.