Wates Living Space has been awarded a deal worth £54m under a PFI contract to build 300 extra care apartments in Hull.
Social housing and regeneration specialist, Riverside, has been appointed preferred bidder for the scheme and has appointed the contractor as its build partner.
Wates Living Space and Riverside will deliver over 300 extra care apartments in the city as part of a contract to design, build and manage three extra care schemes for Hull City Council.
The scheme has been allocated £84m of PFI credits by the government and is worth almost £140m overall.
It is expected that plans will be finalised by all parties and contracts signed in October, following a period of community consultation. Wates Living Space will commence build promptly afterwards and completion is set for 2016.
Susan Peak, Department of Health investment approvals section head, said: “The Department of Health is delighted to see the progress being made by the Hull Extra Care PFI project in reaching the important milestone of preferred bidder appointment.
“This is a valuable project, with its potential to deliver improved and high-quality support for the elderly and vulnerable living in Hull, and the Department looks forward to eventual contract signature.”
Joanne Jamieson, regional managing director of Wates Living Space, said: “Our role in this project is testament to our experience and ability to deliver high quality, comfortable homes in a safe and secure environment that enable vulnerable residents to live independently. We look forward to working alongside Riverside to deliver upon their commitment to Hull City Council and the city’s communities.”
Mick Goode, a director of Croft Goode Architects, said: “We have worked with the bid team from Riverside and Wates for two years to develop these design proposals to meet the specific care requirements of Hull City Council. It is wonderful to be part of the team selected as preferred bidder.”