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complete
Official procurement procedure
Queen Alexandra Hospital, ground leases of land at the Main Entrance and North Entrance
Construction work
Construction work for commercial buildings
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Portsmouth Hospitals University NHS Trust: "Queen Alexandra Hospital, ground leases of land at the Main Entrance and North Entrance". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | Portsmouth Hospitals University NHS Trust | Scope & Categories | Not published | Submission Window | complete No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: Portsmouth Hospitals University NHS Trust
Market Analytics
Derived from OCDS awards & bid statistics
Published history for Portsmouth Hospitals University NHS Trust. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
Not availableNo published reports
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 1 active published awards; 0 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 Unpublished data stays unknown.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 AuthorityPortsmouth Hospitals University NHS Trust | 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 |
Published14 Sept 2022, 15:01 BST | Last source update14 Sept 2022, 15:01 BST | Recurring procurementNot published |
ClassificationConstruction work, Construction work for commercial buildings | ||
Delivery area | ||
OCIDocds-h6vhtk-03686d | ||
What is being bought
Portsmouth Hospitals University NHS Trust ("PHUT") intends to enter an option agreement and two ground leases with Noviniti Dev Co 7 Limited ("Noviniti") in respect of a new retail use and lecture theatre and clinical space development ("the Development") at land at the Main Entrance and North Entrance at the Queen Alexandra Hospital, Portsmouth ("the Hospital"). It is anticipated that Noviniti will make arrangements to identify its initial commercial tenant of the retail space. The contractual arrangements are structured as a land transaction exempt from the Public Contracts Regulations 2015 ("PCR") and the Concession Contracts Regulations 2016 ("CCR").
What changed
From the official release history
- Status changed to complete
14 Sept 2022, 15:01 BST - Official notice release published
14 Sept 2022, 15:01 BST - Buyer information updated
14 Sept 2022, 15:01 BST
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedStatus not publishedPublished valueNot publishedPHUT intends to enter into an option agreement and two ground leases with Noviniti Dev Co 7 Ltd ("Noviniti") in respect of a new retail use and lecture theatre and clinical space development at Queen Alexandra Hospital, Portsmouth (the "Hospital"). PHUT has structured the contractual arrangements as a land transaction exempt from the Public Contracts Regulations 2015 and the Concession Contracts Regulations 2016.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
14 Sept 2022, 15:01 BST - Award active
Not published · Not published - Contract active
Signed 9 Sept 2022, 00:00 BST · £13,200,000
Commercial outcome and competition
Awards Noviniti Dev Co 7 Limited Not published · Not published · active |
Contracts Contract £13,200,000 · signed 9 Sept 2022, 00:00 BST · active |
Bid statisticsNo aggregate bid statistics published |
Buyer and organisations in this procedure
Portsmouth Hospitals University NHS Trust
Contracting authority GB-NHS-Portsmouth Hospitals University NHS TrustDocuments (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published
Planning and rationale
Planning budgetNot published |
No-engagement rationaleNot published |
Procedure rationaleThe subject of this notice is an agreement to be entered into between PHUT and Noviniti for the grant of an option entitling Noviniti to call for the grant of two 46 year Ground Leases of parts of PHUT's freehold land at the Hospital.
The areas which will be subject to the option are defined within the Option Agreement and the option period will run for an initial period of 39 weeks (subject to extension). PHUT has had valuation advice and will grant the Ground Leases at premiums which reflects the market value.
The Ground Leases anticipate that Noviniti may choose (but with no obligation to do so) to undertake a Permitted Alteration (in accordance with a Licence for Alterations that may be entered into in relation to each Ground Lease) of a retail use and lecture theatre and clinical space development at the Hospital (the "Potential Development"). Each Ground Lease is subject to break clauses in favour of PHUT if no Licence for Alterations has been issued or work on any Permitted Alterations begun at the second anniversary of the relevant Ground Lease. The Ground Leases are subject to further break clauses in favour of PHUT on the 6th anniversary if Certificates of Practical Completion have not been issued in relation to the Potential Development, and then on the 40th anniversary of practical completion of the Potential Development.
The details of the Potential Development will have been agreed between PHUT and Noviniti prior to the grant of the option agreement. Noviniti has a right to terminate the Ground Leases if Noviniti has not commenced the works comprising the Potential Development by the date 52 weeks after the date of the Ground Leases.
The exercise of the option by Noviniti to call for the Ground Leases does not trigger any obligation on Noviniti to undertake or on PHUT to procure the Potential Development. If Noviniti decides to undertake the Potential Development (and if PHUT subsequently so decides) Noviniti and PHUT may enter into an agreement for lease providing for the grant by Noviniti of underleases of all or part of the completed development to PHUT and/or a third party, with reversionary leases to PHUT. If that agreement is reached PHUT anticipates that PHUT, Noviniti and the third party (if applicable) will enter into further documents including an agreement for lease, two licences for alterations and underleases of the completed development. |