Retail and elective hub development
South Warwickshire University NHS Foundation Trust ("SWFT") has entered into contracts with (1) Noviniti Dev Co 2 Limited ("Noviniti") (2) Compass Contract Services (UK) Limited ("Compass") and (3) Compass Group UK & Ireland Limited ("Guarantor") as guarantor of Compass' obligations in relation to a single storey retail and administrative use development ("GFD") at Warwick Hospital ("the Hospital"). The documents executed by SWFT comprise a Principal Agreement for Underleases ("S2AFL") and a Licence for Alterations...
Buyer
South Warwickshire NHS Foundation Trust
Value
£17,000,000
Published
12 Feb 2024
Closes
12 Feb 2024
Procurement details
Source
Find a Tender
Region
Warwickshire
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 Retail and elective hub development
£17,000,000
SWFT has entered into the S2AFL with Noviniti, Compass and the Guarantor and the LTA with Noviniti. Under the S2AFL and the LTA, Noviniti has the right to undertake the GFD at the Hospital. Following completion of the GFD, Noviniti will grant two leases ("the Operator Leases") to Compass (guaranteed by the Guarantor). Compass will grant three sub-underleases...
Delivery: Warwickshire
Documents
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