Award

Unit 6, Viables Business Park, Jays Close, Basingstoke

BASINGSTOKE & DEANE BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

23 Oct 2023 at 13:43

Summary of the contracting process

The Basingstoke & Deane Borough Council has completed a procurement process for services related to the proposed lease restructure at Unit 6, Viables Business Park, Basingstoke. The contract involves the surrender of an existing ground lease by Tenant 1 and the granting of new leases to Tenant 1 and a new tenant, Tenant 2. The total value of the transaction is unknown, with an annual rent of £666,735. The procurement method used was a limited procedure with an award without prior publication of a call for competition. The procurement stage is currently at the award stage as of the contract signing on July 17, 2023.

This tender presents business growth opportunities for companies interested in non-residential property services. Businesses involved in property development, leasing, and real estate management could find this tender suitable for their expertise. The contracting authority, Basingstoke & Deane Borough Council, is the buying organization behind this procurement, aiming to optimise land usage for best rental returns. The tender process was tailored to suit the specific lease restructure requirements, with St Modwen Strategic Land Limited being the current active supplier awarded the contract.

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Notice Title

Unit 6, Viables Business Park, Jays Close, Basingstoke

Notice Description

Concerns the proposed lease restructure involving the surrender of the existing ground lease by Tenant 1 at 6 Jays Close, Viables Business Park, Basingstoke and the granting of two new Leases to Tenant 1 and a new tenant, Tenant 2. The contracting authority will retain the freehold relating to both leases. Any development or works to be carried out is subject to an agreement between Tenant 1 and Tenant 2 only. The contracting authority is also not procuring a works contract under the Public Contracts Regulations 2015, arrangement exempt under PCR 10(1)(a). The total value of the transaction between Tenant 1 and Tenant 2 is unknown. At the time of publication of this notice the rent to be received by the contracting authority following the land transaction excluding VAT is PS666,735 per annum.

Lot Information

Lot 1

The contracting authority owns the freehold of 6 Jays Close, Viables Business Park, Basingstoke. Tenant 1 occupies 6 Jays Close, Viables Business Park, Basingstoke under the existing headlease, with an unexpired term of approximately 91 years and this remains vested in Tenant 1. Tenant 1 wishes to surrender the existing headlease and take a lease of a new building to be constructed on part of 6 Jays Close, Viables Business Park, Basingstoke. Tenant 1 has engaged a developer independently of the contracting authority. The developer has approached the contracting authority to grant a lease to it on part of 6 Jays Close, Viables Business Park, Basingstoke, once Tenant 1 has surrendered their existing headlease. The developer will then become Tenant 2. Subject to planning agreement and once the transaction is complete, Tenant 2 (the developer) will construct the new premises for Tenant 1 under terms agreed by them independently of the contracting authority. The contracting authority has not procured any works or placed any development obligations on the developer. The development obligations are contained in a separate agreement between Tenant 1 and their chosen developer. The purpose of the project is for the contracting authority to obtain best rent, Tenant 1 to vacate one premises and occupy a new one and for the developer (Tenant 2) to develop the land on behalf Tenant 1 whilst retaining a long lease over the vacated site. The agreements between Tenant 1, Tenant 2 and the contracting authority formalise the parties' agreement in respect of the phasing and structure of how the contracting authority will achieve best value, reflecting the commercial and economic reality of the deal, for the land subject to it. Beyond normal planning obligations on the developer, the contracting authority is not setting out the design or specification for any of the works to be carried out. The contracting authority's arrangement with Tenant 1 and Tenant 2 is exempt from the PCRs in accordance with Regulation 10(1)(a) as it concerns the rental of land owned by it. Furthermore, the arrangement is also not a public works contracts within the meaning of Regulation 2 of the PCR. The total value of the transaction between Tenant 1 and Tenant 2 is unknown. In order to meet the requirements of this notice the contract value at section II.1.7 has been stated to be PS0.01. At the time of publication of this notice the rent from the resulting leases to be received by the contracting authority following the land transaction excluding VAT is PS666,735 per annum.

Procurement Information

The procurement falls outside the scope of the Public Contracts Regulations 2015 as it is an exempt transaction in accordance with Regulation 10(1)(a). The contracting authority is also not procuring a works contract.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-040e3e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031218-2023
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70332000 - Non-residential property services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Oct 20232 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Jul 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BASINGSTOKE & DEANE BOROUGH COUNCIL
Contact Name
Procurement Team
Contact Email
procurement@basingstoke.gov.uk
Contact Phone
+44 1256844844

Buyer Location

Locality
BASINGSTOKE
Postcode
RG21 4AH
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ37 North Hampshire
Delivery Location
TLJ37 North Hampshire

Local Authority
Basingstoke and Deane
Electoral Ward
Eastrop & Grove
Westminster Constituency
Basingstoke

Supplier Information

Number of Suppliers
1
Supplier Name

ST MODWEN STRATEGIC LAND

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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