Mid and South Essex NHS Foundation Trust
Basildon Hospital main entrance and retail facility
The procurement contact named on the official notice.
This is a large award for Construction — above three-quarters of comparable contracts. Based on 64,002 valued Construction tenders in our corpus.
Mid and South Essex NHS Foundation Trust ("MSE") has entered into a series of leasing arrangements with Noviniti Dev Co 8 Ltd ("Noviniti") and WHSmith ("WHS") in respect of a retail development ("the Development") at Basildon Hospital, Essex ("the Hospital") with WHS as Noviniti's initial tenant and retail operator.
MSE has structured the contractual arrangement as a land transaction exempt from the Public Contracts Regulations 2015 (PCR) and the Concession Contracts Regulations 2016 (CCR).
Noviniti has an option to draw down a 35-year ground lease ("GL") of the site in exercise of an option agreement ("OA") with MSE.
The GL has break clauses in favour of MSE after 2 years (so MSE can recover the site if the Development is not commenced) and 30 years from practical completion of the Development
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- OCID
- ocds-h6vhtk-02ea38
- Stage
- award · Awarded
- Source
- Find a Tender
- Buyer ref
- 025291-2021
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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