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Official procurement procedure

Unit 6, Viables Business Park, Jays Close, Basingstoke

Non-residential property services
South East (UKJ37)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Basingstoke & Deane Borough Council: "Unit 6, Viables Business Park, Jays Close, Basingstoke". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityBasingstoke & Deane Borough CouncilScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Basingstoke & Deane Borough Council
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Basingstoke & Deane Borough Council. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
3.1Bids / Report
0% 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: 9 active published awards; 8 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. Price reduction 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 Unpublished data stays unknown.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 AuthorityBasingstoke & Deane Borough 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
Published23 Oct 2023, 14:43 BST
Last source update23 Oct 2023, 14:43 BST
Recurring procurementNot published
ClassificationNon-residential property services
Delivery area
South East (UKJ37)
OCIDocds-h6vhtk-040e3e
What is being bought
Concerns the proposed lease restructure involving the surrender of the existing ground lease by Tenant 1 at 6 Jays Close, Viables Business Park, Basingstoke and the granting of two new Leases to Tenant 1 and a new tenant, Tenant 2. The contracting authority will retain the freehold relating to both leases. Any development or works to be carried out is subject to an agreement between Tenant 1 and Tenant 2 only. The contracting authority is also not procuring a works contract under the Public Contracts Regulations 2015, arrangement exempt under PCR 10(1)(a). The total value of the transaction between Tenant 1 and Tenant 2 is unknown. At the time of publication of this notice the rent to be received by the contracting authority following the land transaction excluding VAT is £666,735 per annum.
What changed
From the official release history
  1. Status changed to complete
    23 Oct 2023, 14:43 BST
  2. Official notice release published
    23 Oct 2023, 14:43 BST
  3. Buyer information updated
    23 Oct 2023, 14:43 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    Status not published
    Published valueNot published
    The contracting authority owns the freehold of 6 Jays Close, Viables Business Park, Basingstoke. Tenant 1 occupies 6 Jays Close, Viables Business Park, Basingstoke under the existing headlease, with an unexpired term of approximately 91 years and this remains vested in Tenant 1. Tenant 1 wishes to surrender the existing headlease and take a lease of a new building to be constructed on part of 6 Jays Close, Viables Business Park, Basingstoke. Tenant 1 has engaged a developer independently of the contracting authority. The developer has approached the contracting authority to grant a lease to it on part of 6 Jays Close, Viables Business Park, Basingstoke, once Tenant 1 has surrendered their existing headlease. The developer will then become Tenant 2. Subject to planning agreement and once the transaction is complete, Tenant 2 (the developer) will construct the new premises for Tenant 1 under terms agreed by them independently of the contracting authority. The contracting authority has not procured any works or placed any development obligations on the developer. The development obligations are contained in a separate agreement between Tenant 1 and their chosen developer. The purpose of the project is for the contracting authority to obtain best rent, Tenant 1 to vacate one premises and occupy a new one and for the developer (Tenant 2) to develop the land on behalf Tenant 1 whilst retaining a long lease over the vacated site. The agreements between Tenant 1, Tenant 2 and the contracting authority formalise the parties' agreement in respect of the phasing and structure of how the contracting authority will achieve best value, reflecting the commercial and economic reality of the deal, for the land subject to it. Beyond normal planning obligations on the developer, the contracting authority is not setting out the design or specification for any of the works to be carried out. The contracting authority's arrangement with Tenant 1 and Tenant 2 is exempt from the PCRs in accordance with Regulation 10(1)(a) as it concerns the rental of land owned by it. Furthermore, the arrangement is also not a public works contracts within the meaning of Regulation 2 of the PCR. The total value of the transaction between Tenant 1 and Tenant 2 is unknown. In order to meet the requirements of this notice the contract value at section II.1.7 has been stated to be £0.01. At the time of publication of this notice the rent from the resulting leases to be received by the contracting authority following the land transaction excluding VAT is £666,735 per annum.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    23 Oct 2023, 14:43 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 17 Jul 2023, 00:00 BST · £0
Commercial outcome and competition
Awards
St Modwen Strategic Land Limited
Not published · Not published · active
Contracts
Contract
£0 · signed 17 Jul 2023, 00:00 BST · active
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

Basingstoke & Deane Borough Council

Contracting authority GB-FTS-8470
View buyer profile

  • Basingstoke & Deane Borough Council
    buyer

    Civic Offices, BASINGSTOKE, UKJ37, RG214AH
    procurement@basingstoke.gov.uk
    +44 1256844844

  • Royal Court of Justice
    reviewBody

    The Strand, London, WC2A 2LL

  • St Modwen Strategic Land Limited
    supplier

    GB-COH: 14521120
    Two Devon Way, Birmingham, UKG31, B31 2TS
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 rationaleThe procurement falls outside the scope of the Public Contracts Regulations 2015 as it is an exempt transaction in accordance with Regulation 10(1)(a). The contracting authority is also not procuring a works contract.