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Irish social housing PPP Bundle

28 Nov 2017

Ireland’s National Development Finance Agency (NDFA) have recently shortlisted Equitix for the first time in Ireland’s €100million Social Housing PPP Bundle 1. The consortium (‘Torc Housing Partnership’) comprises of Equitix, Kajima Partnerships and OHL and JJ Rhatigan & Co. The latter two companies are the construction contractors with facility management being structured by ISS Facility Services and Tuath Housing Association. 

Having posted its pre-qualification questionnaire in May, the NDFA had received expressions of interest from five teams. The other shortlisted teams include Macquarie Corporate Holdings PTY and BAM PPP PGGM.   If selected as preferred bidder, the first bundle of social housing units will deliver between 525-560 social housing units built across councils in Dublin, Louth, Wicklow and Kildare.

The project is one of 3 Bundles being procured by Ireland’s NDFA.  The overall Social Housing PPP envisages a programme to invest €300million in this sector. This will be provided by the development of up to 1,500 housing units in 3 “Bundles” of sites. The contract contains provision of services to the developments over a 25 year period following construction.

The Department of Housing, Planning, Community and Local Government are the sanctioning authority for the programme with NDFA acting as financial advisor, procuring authority and project manager.  Eversheds (legal), Turner & Townsend (PSDP), and Currie and Brown (surveyor) are advising the procuring authority.