Queen Alexandra Hospital, ground leases of land at the Main Entrance and North Entrance

  • Portsmouth Hospitals University NHS Trust

F14: Notice for changes or additional information

Notice reference: 2023/S 000-000009

Published 3 January 2023, 8:59am



Section one: Contracting authority/entity

one.1) Name and addresses

Portsmouth Hospitals University NHS Trust

Queen Alexandra Hospital, Southwick Hill Road

Portsmouth

PO6 3LY

Contact

Mark Magrath

Email

mark@magrathconsulting.com

Telephone

+44 7824625139

Country

United Kingdom

NUTS code

UKJ31 - Portsmouth

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

http://www.porthosp.nhs.uk


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

Queen Alexandra Hospital, ground leases of land at the Main Entrance and North Entrance

Reference number

F16089

two.1.2) Main CPV code

  • 45000000 - Construction work

two.1.3) Type of contract

Works

two.1.4) Short description

Portsmouth Hospitals University NHS Trust ("PHUT") intends to enter into a series of leasing agreements with Noviniti Dev Co 7 Limited ("Noviniti") in respect of a new retail use and lecture theatre and clinical space development ("the Development") at land at the Main Entrance and North Entrance at the Queen Alexandra Hospital, Portsmouth ("the Hospital") with Compass as Noviniti's initial tenant and retail 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").

Noviniti has drawn down two 46 -year ground leases ("GL") of the site in exercise of an option agreement with PHUT. The GLs have break clauses in favour of PHUT after 2 years (so PHUT can recover the site if the Development is not commenced); after 6 years (so PHUT can recover the site if only one of the two entrances is completed) and 40 years from practical completion of the Development.


Section six. Complementary information

six.6) Original notice reference

Notice number: 2022/S 000-036583


Section seven. Changes

seven.1.2) Text to be corrected in the original notice

Section number

II.1.7

Place of text to be modified

Total value of the procurement (excluding VAT)

Read
Text

Lowest offer: £13,200,000 / Highest offer: £46,500,000 taken into consideration