System operational · UK tenders
Awarded
ocds-h6vhtk-05e0a1 · award

Spinnaker Tower Operator

Portsmouth City Council

Estimated Value

Up to £168,161,103

Deadline

5 June 2026

Published

16 July 2026

Type

Not specified

South EastGBopen

Overview

Portsmouth City Council - the 'Council - has sought tenders from suitably qualified and experienced operators for the operation of the Spinnaker Tower - the 'Tower' - on a long term mutually incentivised concession partnership basis. Following completion of the tender assessment process the Council has issued assessment summaries to the successful and unsuccessful suppliers as required under Section 50 of the Procurement Act 23 (the 'Act').

Issuing of this Award Notice will now instigate the statutory Standstill Period which will not be less than eight-working days in accordance with section 51 of the Act. The Council reserves the right to amend (extend) the Standstill Period if needed.

If this right is exercised, the Contract Award Notice will be updated and affected suppliers will be notified accordingly. After the Standstill Period has expired, and provided no legal challenge has been made by the end of the Standstill Period, the Council intends to finalise terms and enter into contract with the Successful Supplier.

Eligibility & compliance

Following finalisation of terms and execution of contract the Successful Supplier will be required to seamlessly commence operations under a lease with associated concession arrangement from 11th October 2026 following expiry of the lease held with the current incumbent operator on 10th October 2026.

Additional details

Following execution of contract the Council will issue a further Contract Details Notice in accordance with Section 53 of the Act. The Spinnaker Tower is located on the waterfront within Gunwharf Quays shopping centre and is a prominent landmark offering views of the city, the Solent and the Isle of Wight.

Under the new contract the primary function of the Tower must remain a public viewing tower, to be open in line with hours set out within the Council's specification. The lease and associated concession contract will be let on a 25-year basis.

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Award Details

GUNWHARF QUAYS LIMITED

13 Jul 202611 Oct 2026 – 10 Oct 2051

£168,161,103

Likely incumbents

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KIWI & YUZU LTD is the most likely incumbent based on recency and category match. To win, bidders typically need a clearly differentiated proposition or a price advantage.

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Buyer Profile

Portsmouth City Council
Typepublic body
RegionSouth East
Total tenders375
Total spend£1,665,080,346
View buyer profile

Key Dates

Published

16 July 2026

Submission deadline

5 June 2026

Notice type

award

Source

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