Queen Alexandra Hospital, ground leases of land at the Main Entrance and North Entrance
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 Regu...
Buyer
Portsmouth Hospitals University NHS Trust
Value
£13,200,000
Published
1 Jun 2023
Closes
1 Jun 2023
Procurement details
Source
Find a Tender
Region
Portsmouth
Procurement method
Limited
Category
Works
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
45000000
Construction work
45213100
Construction work for commercial buildings
Lots
Lot 1 Queen Alexandra Hospital, ground leases of land at the Main Entrance and North Entrance
£13,200,000
PHUT has entered into an Agreement for Underlease in respect of the Main Entrance & North Entrance sites with Noviniti Dev Co 7 Ltd ("Noviniti") and Compass Contract Services (UK) Limited ("Compass"). Compass commits to accepting the grant of two 15 year underleases (with rent obligations to Noviniti) on practical completion ("PC") of the retail space. PHUT...
Delivery: Portsmouth
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