Ground Leases for Retail and Clinical Development at Queen Alexandra Hospital
Awarded 23 Dec 2022
About
South of England Procurement Centre awarded a contract to Noviniti Dev Co 7 Limited for ground leases of land at the Main Entrance and North Entrance of Queen Alexandra Hospital, Portsmouth.
The leasing agreements support a new retail use, lecture theatre, and clinical space development, with Compass as Noviniti's initial tenant and retail operator.
The contract value is AUD 13,200,000.
The arrangements are structured as a land transaction exempt from the Public Contracts Regulations 2015 and the Concession Contracts Regulations 2016.
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