Awarded

Ground Leases for Retail and Clinical Development at Queen Alexandra Hospital

Awarded 23 Dec 2022

View live tenders
Awarded23 Dec 2022
Value£13,200,000.00
RegionSouth East
CategoryConstruction
Expires in 36y 2mo40y term, 10% elapsed
Awarded 23 Dec 2022Expires 23 Dec 2062

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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