Awarded Contractocds-h6vhtk-03d2f8

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

Documents

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Contains public sector information licensed under the Open Government Licence v3.0.