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Agreement for lease at Haymarket Development, Edinburgh

Building construction work
Construction work
Urban development construction work
Scotland (UKM75)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: The City of Edinburgh Council: "Agreement for lease at Haymarket Development, Edinburgh". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityThe City of Edinburgh CouncilScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: The City of Edinburgh Council
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for The City of Edinburgh Council. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
3.9Bids / Report
31.5% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 280 active published awards; 276 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityThe City of Edinburgh Council
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published8 Feb 2022, 09:35 GMT
Last source update8 Feb 2022, 09:35 GMT
Recurring procurementNot published
ClassificationBuilding construction work, Construction work, Urban development construction work
Delivery area
Scotland (UKM75)
OCIDocds-h6vhtk-02e299
What is being bought
The City of Edinburgh Council intends to enter into an agreement for lease for a new hotel at Buildings 2 & 3, Haymarket Development, Edinburgh.
What changed
From the official release history
  1. Official notice release published
    8 Feb 2022, 09:35 GMT
  2. Status changed to complete
    20 Sept 2021, 14:55 BST
  3. Official notice release published
    20 Sept 2021, 14:55 BST
  4. Buyer information updated
    20 Sept 2021, 14:55 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The Council intends to enter into an agreement for lease with The Prudential Assurance Company Limited (the Landlord) for a new hotel at Buildings 2 & 3, Haymarket Development. The new hotel development is to be built on land owned by the Landlord, and on completion leased to the Council for a period of 25 years, with the right to extend the lease for a further period of 5 years. The agreement for lease will include enforceable obligations on the Landlord relating to design and construction and the carrying out of infrastructure and external works in relation to the new hotel. The Council intends to grant a sublease to the Edinburgh International Conference Centre Limited (EICC), or a subsidiary of EICC, who intend to operate the new hotel.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    8 Feb 2022, 09:35 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 12 Mar 2020, 00:00 GMT · £91,250,000
Commercial outcome and competition
Awards
The Prudential Assurance Company Limited
Not published · Not published · active
Contracts
Contract
£91,250,000 · signed 12 Mar 2020, 00:00 GMT · active
Bid statistics
bids: 1 (lot 1)
electronicBids: 1 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 0 (lot 1)
smeBids: 0 (lot 1)
Buyer and organisations in this procedure

The City of Edinburgh Council

Contracting authority GB-FTS-346
View buyer profile

  • The City of Edinburgh Council
    buyer

    Waverley Court, 4 East Market Street, Edinburgh, UKM75, EH8 8BG
    Graeme.McGartland@edinburgh.gov.uk
    +44 1314693922

  • Court of Session
    reviewBody

    Parliament House, Parliament Square, Edinburgh, EH1 1RQ
    supreme.courts@scotcourts.gov.uk
    +44 1312252595

  • The Prudential Assurance Company Limited
    supplier

    10 Fenchurch Avenue, London, UKI, EC3M 5AG
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThis procurement is exempt on the basis of Regulation 33(1)(b) (Use of the negotiated procedure without prior publication) of the Public Contracts (Scotland) Regulation 2015. Given both the Landlord’s exclusive rights in the relevant land interests and for technical reasons associated with the requirements of the Council and EICC for the new hotel, the works can be provided only by the landlord and developer of the Haymarket development.