Published date: 20 March 2020
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Construction work - 45000000
Location of contract
East Midlands
Value of contract
£45,000
Procurement reference
DN460361
Published date
20 March 2020
Closing date
9 March 2020
Contract start date
15 March 2020
Contract end date
15 March 2020
Contract type
Works
Procedure type
Other: VEAT NOTICE
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
The subject of this notice is an option agreement to be granted by Northampton General Hospital (NGH) to Noviniti for an initial period of 39 weeks entitling Noviniti to call for the grant of a 39 yr ground lease by NGH of part of the Trust's freehold land
The area which will be subject to the option is defined within the option agreement
NGH has had valuation advice & will grant the option & the subsequent ground lease at a premium which reflects market value
If Noviniti exercises the option & calls for the grant of the ground lease that ground lease will be for a period of up to 39 years The ground lease in either case is subject to break clauses in favour of NGH after 2 yrs & again at an agreed period after practical completion of any development by Noviniti
The ground lease anticipates that Noviniti may choose (but with no obligation to do so) to undertake a permitted alteration (in accordance with a Licence for Alterations that may be entered into) of a building extension at the hospital for retail & ancillary uses of circa 2200 sq. metres (the Potential Development)
The permitted alteration will be in the form of the draft provided by the landlord & agreed between the landlord & tenant The landlord has a right to terminate the lease if the tenant has not commenced works at the premises to undertake the permitted alterations on the date 52 weeks after the lease is entered into Where the option is exercised NGH will have obligations to use its reasonable endeavours to assist Noviniti in dealing with matters relating to the planning permission including any 3rd party consents required to enable Noviniti to implement the Potential Development & entering into agreements with 3rd where necessary to facilitate the Potential Development
Exercise of the option by Noviniti to call for the ground lease does not trigger any obligation on Noviniti to undertake or on NGH to procure the Potential Development If Noviniti decides to undertake the Potential Development & if NGH subsequently so decides Noviniti & NGH may enter into an agreement for lease & sub-lease of those areas of the completed development comprising the medical records facility with the remainder of the Potential Development on adjoining hospital land being for the benefit of NGH If that agreement is reached then NGH would expect to enter into further documents being agreements for lease & sub-leases with commercial tenants to occupy the retail space
Award information
Awarded date
15 March 2020
Contract start date
15 March 2020
Contract end date
15 March 2020
Total value of contract
£45,000
This contract was awarded to 1 supplier.
NOVINITI LIMITED
Address
4 Office Village,Forder Way, Hampton
PETERBOROUGH
Cambridgeshire
PE7 8GX
GBReference
Companies House number: 09937558
Value of contract
£45,000
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Contact name
Allan Rivans
Address
Northampton General Hospital
Cliftonville
NORTHAMPTON
NN15BD
England
Telephone
07807993439
Website
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Closing: 9 March 2020
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