University Hospital of Derby and Burton NHS Foundation Trust · Awarded contract

Awarded

Development of Multi-Storey Car Park at Royal Derby Hospital

Awarded 14 Jun 2024

View live tenders

Awarded14 Jun 2024

Value£23,000,000.00

SupplierNoviniti Dev Co 10 Ltd

AgencyUniversity Hospital of Derby and Burton NHS Foundation Trust

RegionUnited Kingdom

CategoryConstruction

Expires in 43y45y 5mo term, 5% elapsed

Awarded 14 June 2024Expires 31 Oct 2069

About

University Hospital of Derby and Burton NHS Foundation Trust awarded a contract to Noviniti Dev Co 10 Ltd for the development of a new multi-storey car park at Royal Derby Hospital.

The arrangement includes a S2AFL with Noviniti and CP Plus, a Licence for Alterations under the Ground Lease granted to Noviniti to carry out the development, and following completion, Noviniti will grant an Operator Lease to CP Plus.

The Trust will be obliged to accept a lease of the car park directly from Noviniti if CP Plus defaults.

The contract value is AUD 23,000,000.

The contractual arrangement is structured as a land transaction exempt from the Public Contracts Regulations 2015 and Concession Contracts Regulations 2016.

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