Queen Alexandra Hospital, ground leases of land at the Main Entrance and North Entrance

A Contract Award Notice
by SOUTH OF ENGLAND PROCUREMENT CENTRE

Source
Contracts Finder
Type
Contract (Works)
Duration
40 year
Value
£13M-£46M
Sector
CONSTRUCTION
Published
01 Jun 2023
Delivery
23 Dec 2022 to 23 Dec 2062
Deadline
20 Dec 2022 00:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

Description

Portsmouth Hospitals University NHS Trust ("PHUT") has entered into a series of leasing agreements with Noviniti Dev Co 7 Limited ("Noviniti") in respect of a new retail use and lecture theatre and clinical space development ("the Development") at land at the Main Entrance and North Entrance at the Queen Alexandra Hospital, Portsmouth ("the Hospital") with Compass as Noviniti's initial tenant and retail operator. The contractual arrangements are structured as a land transaction exempt from the Public Contracts Regulations 2015 ("PCR") and the Concession Contracts Regulations 2016 ("CCR").

Award Detail

1 Noviniti Dev Co 7 (Ripon)
  • Value: £13,200,000

CPV Codes

  • 45000000 - Construction work

Indicators

  • Contract is suitable for SMEs.
  • Contract is suitable for VCOs.

Reference

Domains