Northampton General Hospital NHS Trust · Awarded contract

Awarded

Northampton General Hospital Main Entrance and Retail Facility Development

Awarded 13 Aug 2020

View live tenders

Awarded13 Aug 2020

Value£6,586,729.00

SupplierNoviniti Dev Co 4 Ltd

AgencyNorthampton General Hospital NHS Trust

RegionUnited Kingdom

CategoryConstruction

Expires in 8y 10mo15y term, 41% elapsed

Awarded 13 Aug 2020Expires 12 Aug 2035

About

Northampton General Hospital NHS Trust awarded a contract to Noviniti Dev Co 4 Ltd for the development of the main entrance and retail facility at Northampton General Hospital.

The contract value is AUD 6,586,729.

The transaction documents include three agreements for lease, two licences for alterations, and an agreement to vary the terms of the Noviniti Lease, with Noviniti and Compass Contract Services (UK) Ltd as counterparties.

These documents provide for a reversionary lease to the Trust, a 15-year lease to Compass commencing upon practical completion, a sub-lease from Compass to the Trust for parts of the development, and a lease from the Trust to Compass for other retail areas within the hospital.

The arrangement is structured as a land transaction exempt from the Public Contracts Regulations 2015 and Directive 2014/24/EU.

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2 new construction tenders

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