Official UK procurement notice
Queen Alexandra Hospital, North Car Park, MSCP
Authority: Portsmouth Hospitals University NHS Trust (Central government)
What is being bought
Published requirement descriptionPortsmouth 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.
CPV: Car park building construction work · Car park management services · Construction work
The lotProcurement structure
single lot · no lot value publishedLot #1PHUT has entered into a tripartite Agreement for Underlease with Noviniti and EngieAwarded
PHUT has entered into a tripartite Agreement for Underlease with Noviniti and Engie. In this agreement Engie commits to accepting the grant of an 18-year underlease (with rent obligations to Noviniti) on practical completion of the car park. PHUT (as head landlord) will have insurance obligations owed to Engie and a repairing covenant for the car park. PHUT will be required to step-in to take the underlease if Engie fails to enter the underlease at practical completion. PHUT will also be required to enter an Overriding Lease (to become Engie's landlord) if Engie becomes insolvent or defaults on its Underlease in order to maintain the rental payments to Noviniti. PHUT will enter a 12-year Reversionary Lease (with rent obligations to Noviniti) to take effect from the expiry of Engie's underlease. Additional information: Please see Voluntary Transparency Notice of 23/03/2021 for details of option agreement and ground lease
www.find-tender.service.gov.uk/Notice/003619-2021 ↗
"In relation to II.2.5. above, we have inserted "not applicable" as the requirement was not competitively tendered under the PCR/CCR"
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Award procedure without prior publication of a call for competition
- Legal basis
- CELEX · 32014L0023 Concession Contracts Regulations 2016 (Directive 2014/23/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
- 28 Sept 2021, 17:56 BST
- Last source update
- 28 Sept 2021, 17:56 BST
- FTS notice number
2021/S 000-024138- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02e5baFind a Tender
- Review procedure
In accordance with Chapter 6 of the Public Contracts Regulations 2015 (as amended) (Regulations 88 to 104) or Chapter 2 of the Concession Contracts Regulations 2016 (Regulation 49 to 64).
Publisher note: The estimated value in II.1.7 and V.2.4 represents rental to Noviniti (with an estimated value of between £11.3m to £13.5m (subject to RPI under the terms of lease arrangements)) and operator revenue under the Deed of circa £394K (subject to RPI under the terms of the Deed and after deduction of between circa £7m to £8m rental obligations to Noviniti)). The operator revenue represents the cost to the operator of running (but not maintaining) the car park and of accounting to and paying across to the Trust all car parking revenue which exceeds the rental obligations to Noviniti and the operator revenue.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Noviniti Dev Co 6 Ltd | £13,560,000 † | — | Awarded |
Contracts
Contract 024138-2021-1 · Noviniti Dev Co 6 Ltd
- Signed
- 24 Sept 2021
- Value
- £13,560,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Courts of JusticeReview body
Bidders & participating suppliers
1 commercial party on the notice- Noviniti Dev Co 6 LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.