Affordable Extra Care Housing - Edinburgh House

Portsmouth City Council - the 'Council' - is inviting requests to participate from appropriately qualified and experienced providers / Suppliers for the development of affordable extra care housing on a design, build, finance & operate (DBFO) basis. The new extra care housing will comprise of approx. 60 units and will be on the site of the now demolished Edinburgh House Care Home located within Sundridge Close, Cosham, Portsmouth, Hampshire, PO6 3JL.

The successful provider will NOT be responsible for the provision of care and support to residents which will be procured separately. The Council is targeting to have completed the procurement process and secured a preferred provider by the end of May 2027.

The Council will enter into an agreement for lease with the secured provider on an initial 12-month term and subject to a 30 month long stop timescale. Development must formally commence within 4 months of planning permission being clear of judicial review proceedings and must be completed within 24 months.

The Council will enter into a long lease arrangement with the Provider based upon the Heads of Terms set out within the following section. The length of the lease and extension options will be determined through the procurement process but will be no less than 40 years in minimum duration and no more than 250 years in respect of maximum duration including for any extension options.

The associated Nominations agreement will run co-terminus with the length of the lease or, if less than the duration of the lease, the operational life span of the developed affordable Extra Care properties including for major refurbishment / modernisation to extend lifespan. The Council is not seeking to make significant rental income from the long lease arrangement which will be offered on a peppercorn basis.

The Council will also consider proposals which require a level of underwriting for void properties. The Provider will be responsible for securing all, or at the least, the vast majority of development funding. The Council will consider bids which require a level of capital contribution from the Council if viability is dependent upon this.