Basildon Hospital main entrance and retail facility

Award

Buyers

Mid and South Essex NHS Foundation Trust

Value

£10,650,000

Suppliers

Noviniti Dev Co 8 Ltd

Classifications

Construction work
Entrance hall construction work
Construction work for buildings relating to health
Hospital facilities construction work
Retail trade services

Tags

award
contract

Published

3 years ago

Description

Mid and South Essex NHS Foundation Trust ("MSE") intends to enter into a series of leasing arrangements with Noviniti Dev Co 8 Ltd ("Noviniti") and WHSmith ("WHS") in respect of a retail development ("the Development") at Basildon Hospital, Essex ("the Hospital") with WHS as Noviniti's initial tenant and retail operator. MSE has structured the contractual arrangement as a land transaction exempt from the Public Contracts Regulations 2015 (PCR) and the Concession Contracts Regulations 2015 (CCR).
Noviniti has an option to draw down a 35-year ground lease ("GL") of the site in exercise of an option agreement ("OA") with  MSE. The GL has break clauses in favour of MSE after 2 years (so MSE can recover the site if the Development is not commenced) and 30 years from practical completion of the Development.

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Contract Agreement

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Award Notice

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Organisation

Mid and South Essex NHS Foundation Trust

Body governed by public law

Tracey Leforte

[email protected]

+44 1702508120

[email protected]

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