ENHT - New Main Entrance and Retail Development

CPV: Construction work · Construction work for commercial buildings

Procedure method

Award procedure without prior publication of a call for competition

Legal basis

CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)

Procurement category

Works

Notice status

Awarded without competition

Procurement threshold

Unspecified in notice

Regulatory regime

Standard

Commercial structure

Stand-alone contract (no framework)

Competition type

Direct award (no call for competition)

GPA / WTO covered

Unspecified in notice

Recurring procurement

Unspecified in notice

First published

20 Dec 2024, 11:12 GMT

Last source update

20 Dec 2024, 11:12 GMT

Authority reference

C323806

FTS notice number

2024/S 000-041147

Classification (CPV)

Construction workConstruction work for commercial buildings

Delivery area

East of England (UKH23)

Official registry OCID

ocds-h6vhtk-04ca04 Find a Tender

Why no open competition

The procurement falls outside the scope of application of the directive

Published justification

The subject of this notice is an agreement to be entered into between ENHT and Noviniti for the grant of an option entitling Noviniti to call for the grant of a 45 year Ground Lease of part of ENHT’s freehold land at the Hospital ("the Property"). <br/><br/>The Property is identified in the Option Agreement. The option period will run for an initial period of 39 weeks (subject to extension). ENHT has had valuation advice and will grant the Ground Lease of the Property at a premium which reflects market value. <br/><br/>If the Option is exercised and the Ground Lease is granted, the Ground Lease will contain provision for Noviniti to undertake a Permitted Alteration at the Property, being the construction of the Potential Development.<br/><br/>The Ground Lease will not permit Noviniti to undertake the Potential Development without the consent of ENHT in the form of a Licence for Alterations (which ENHT is free to grant or withhold at its discretion). <br/><br/>The Ground Lease is subject to a break clause in favour of ENHT which is exercisable in the event that the ENHT Licence for Alterations has not been issued and Noviniti has not commenced the Building Works comprising the Potential Development by the date which is the second anniversary of the date of grant of the Ground Lease. <br/><br/>The Ground Lease is subject to a further break clause in favour of ENHT on the 40th anniversary of practical completion of the Potential Development. <br/><br/>The details of the Potential Development have been agreed between ENHT and Noviniti prior to the grant of the Option Agreement. Noviniti has a right to terminate the Ground Lease if Noviniti has not commenced the works comprising the Potential Development by the date 52 weeks after the date of the Ground Lease. <br/><br/>The exercise of the option by Noviniti to call for the Ground Lease does not trigger any obligation on Noviniti to undertake or on ENHT to procure the Potential Development. If Noviniti decides to undertake the Potential Development (and if ENHT subsequently so decides) Noviniti and ENHT may enter into an agreement for lease providing for the grant by Noviniti of underleases of all or part of the completed development to ENHT and/or a third party. If that agreement is reached ENHT anticipates that ENHT, Noviniti and the third party (if applicable) will enter into further documents including a deed of variation of the Ground Lease, a Licence for Alterations authorising the Permitted Alteration and underleases of the completed development.

• Noviniti Dev Co 11 LtdAwarded supplier13907165 Unit 2, Newby Stables, Newby Hall, Ripton, Yorkshire & Humber, HG4 5AE

No document links were published on the notice.