Forth Yards, Newcastle upon Tyne - Long term Delivery Partner

Description

The Forth Yards area of Newcastle represents a strategic place making opportunity in what is the last major underdeveloped water frontage area of the City. It is located adjacent to Newcastle Central Station and represents a western gateway into the City Centre. Forth Yards is a 21-hectare (51.9 acres) regeneration site (shown edged red on the attached plan), with the potential to create a new neighbourhood of c.2,500 new homes and over 15,000 sqm (161,500 sq ft) of commercial space.The redevelopment of Forth Yards is a key priority within the North East Devolution Deal and in the North East Strategic Place Partnership. Network Rail own Forth Goods Yards and Homes England acquired the strategically important Quayside West site, at the heart of Forth Yards, in 2024 (see attached land ownership plan). The immediate opportunity for the delivery partner relates to the Quayside West site (circa 1,100 homes) but with the opportunity to increase this through additional acquisitions to circa 2,500 homes. The Homes England investment will deliver a package of planning and enabling and de-risking works on Quayside West, along with further land assembly and the delivery of strategic infrastructure on the wider Forth Yards site. In addition, the North East Combined Authority has committed to funding early infrastructure works to widen the main access road into the wider Forth Yards site. Homes England and its public sector partners (Newcastle City Council, the North East Combined Authority & Network Rail) ("Partners") are keen to see this strategic site become a vibrant part of the City, via a comprehensive redevelopment programme. The partners aspire to see development of a residential led, well connected, mixed use and sustainable new community that integrates well into the existing fabric of the city. The opportunity for Forth Yards to be transformed into an exciting new neighbourhood, knitted into the fabric of the city, which unlocks future waterfront development to the West of the city is supported by all partners. Over the past 18 months, the Partners have been working together to prepare a robust approach to redeveloping Forth Yards, concluding that a long term - private sector - delivery partner is needed to deliver to realise the full potential of Forth Yards. Furthermore, the Partners have concluded that the key attributes a delivery partner should bring include: Excellent Place Making capabilities; Commitment to long-term partnering to realise the full potential of Forth Yards; and Willingness to invest and take risk, in the success of Forth Yards. As a result, on behalf of the Partners, Homes England will lead the procurement of a long-term delivery partner for Forth Yards, with emphasis being put on finding the partner with the right attributes, rather than seeking to procure specific development scheme or proposals. The long-term delivery partner will also be responsible for providing Development Management ("DM") services to Homes England in relation to the site remediation and the installation of enabling infrastructure. Such works will be funded by Homes England directly. Homes England is clear that to drive efficiency and manage risk, DM services should be provided by the long-term delivery partner who will help shape the wider approach to Forth Yards development and delivery. Over the past 18 months, informal discussions with the market (at events such as MIPIM and UKREiiF) have shaped our proposed approach to partnering. Via this PME we wish to assess interest from potential long term delivery partners and test key principles that are shaping the design of our proposed partner procurement process. If you would like to know more, please send an email to forthyards@homesengland.gov.uk and we will provide further details. Please note the listed value on this notice is the GDV (Gross Development Value).