Who won: Ground Lease in respect of land at Royal Bolton Hospital

About this contract

On 7th August 2026, Bolton NHS Foundation Trust ("BFT") entered into an Option Agreement with Noviniti Dev Co 14 Ltd ("Noviniti") giving Noviniti the right to call for a Ground Lease in respect of land at Royal Bolton Hospital ("the Hospital") being the site of a proposed new building/extension of the Hospital entrance incorporating improved and extended retail space with the provision of three retail units plus circulation space within the extended building plus additional retail space and internal refurbishment works within the existing Hospital building ("the Potential Development"). The Option Agreement is for an initial period of 39 weeks (subject to extension). HFT has had valuation advice and will grant the Ground Lease (which will be for a term of 40 years subject to earlier break rights) ("the Ground Lease") at a premium which reflects market value as advised by independent valuation advice. IFM (the Trust's wholly owned subsidiary company) is a party to the Option Agreement and will grant rights to Noviniti in the Ground Lease. The Ground Lease does not contain any development obligations upon Noviniti and does not in itself permit Noviniti to undertake the Potential De

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