Northampton General Hospital Main Entrance and Retail Facility
Northampton General Hospital NHS TrustEstimated Value
Up to £6,586,729
Deadline
17 April 2020
Published
17 August 2020
Type
works
Overview
Northampton General Hospital Main Entrance and Retail FacilityNGH intends to enter into a suite of documents relating to the occupation of the development following practical completion of the Development. These documents will comprise: 3 agreements for lease, 2 licences for alterations and an agreement to vary the terms of the Noviniti Lease with the counterparty to those documents being Noviniti and in some instances, Compass Contract Services (UK) Ltd ('Compass').
Those documents are referred to as the 'Transaction Documents'. The transaction documents will provide for the grant of a reversionary lease to NGH of the development and for the grant of a lease of the development to Compass for a term of 15 years commencing upon practical completion of the development.
In addition, there will be the grant of a sub-lease by Compass to NGH of parts of the development. The transaction documents will also provide for the grant by NGH to Compass of a lease of part of other retail areas within Northampton General Hospital. NGH has structured the contractual arrangement as a land transaction exempt from the Public Contracts Regulations 2015 and Directive 2014/24/EU.
Key dates
- Duration
- 15 years
Regulations cited
- Public Contracts Regulations 2015
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Northampton General Hospital NHS TrustKey Dates
Published
17 August 2020
Submission deadline
17 April 2020
Notice type
award
Source
contracts finder
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