Who won: Ground Lease in respect of land at Harrogate District Hospital

About this contract

The Harrogate and District NHS Foundation Trust ("HDFT") intends to enter into an Option Agreement with Noviniti Dev Co 15 Ltd ("Noviniti") giving Noviniti the right to call for a Ground Lease in respect of land at Harrogate District Hospital ("the Hospital") as the site of the refurbishment and extension of the exiting Hospital main entrance to crate improved and extended retail space and additional communal and circulation space ("the Potential Development"). The Option Agreement will be for an initial period of [39 weeks] (subject to extension). HDFT has had valuation advice and will grant the Ground Lease (which will be for a term of 45 years subject to earlier break rights) ("the Ground Lease") at a premium which reflects market value as advised by independent valuation advice. The Ground Lease does not contain any development obligations upon Noviniti and does not in itself permit Noviniti to undertake the Potential Development unless HDFT elects to grant a Licence for Alterations to Noviniti authorising it to undertake the Potential Development. The contractual arrangements are structured as a land contract within Schedule 2 paragraph 8 of the Procurement Act 2023 ("the Act

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