Queen Alexandra Hospital, North Car Park, MSCP
Value
£13,560,000
Suppliers
Classifications
- Construction work
- Car park building construction work
- Car park management services
Tags
- award
- contract
Published
3 years ago
Description
Portsmouth Hospitals University NHS Trust ("PHUT") has entered into a series of leasing arrangements with Noviniti Dev Co 6 Ltd ("Noviniti") and Engie Services Limited ("Engie") in respect of a new multi-storey car park development ("the Development") at Queen Alexandra Hospital, Portsmouth ("the Hospital") with Engie as Noviniti's initial tenant and the car park 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). There is a Deed of Covenant ("the Deed") between the Trust and Engie requiring Engie to operate the car park. Noviniti has drawn down a 35-year ground lease of the site in exercise of an option agreement with the PHUT.
Similar Contracts
AI Bid Assistant
Our AI-powered tool to help you create winning bids is coming soon!
Organisation
Mark Magrath
Timeline complete
Complete