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Transactions - FEBRUARY 11, 2022

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Tenders launched for assisted living schemes in the U.K.

by Kali Persall

The South Tyneside Council in the U.K. has launched tenders in search of a private provider to develop three "extra-care" schemes, according to InfraPPP.

The facilities include Hebburn Phase 1, composed of 80 units; Dean Road, Phase 2, with 60-80 units; and Chuter Ede Phase 3, with 120 units and a community hub.

The private partner will be responsible for the design, build, management and finance of the care-facilities project, with an estimated investment of £30 million ($40.68 million).

The deadline to submit responses is Feb. 22.

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