Financial close for £100m Stoke housing PFI

Aaron Morby 10 years ago
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Stoke-on-Trent city council has reached financial close with an Eric Wright-led consortium to build and maintain 390 extra care apartments.

Under the terms of the £100m PFI scheme, the Sapphire consortium will build three retirement villages in the city and maintain them over a 25-year period in partnership with the council.

Sapphire’s team also includes Kajima Partnerships, Seddon Construction and Your Housing Group.

Construction of the facilities will be undertaken by both Seddon Construction and Eric Wright Construction with work starting immediately and scheduled to be completed in 2016.

Eric Wright will go on to maintain the facilities once they are completed.

The project is the largest of its kind to ever be developed in Stoke-on-Trent.

Retirement villages will be located at Holdcroft Fields, the former Brookwood Home and Blurton Farm Depot and the former Westcliffe Hospital.

They will cater for people aged over 55 offering self-contained apartments and include communal lounges, restaurants, landscaped gardens, gyms and hair and beauty salons.

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