Ground Lease - Bolton NHST FT

Notice Information

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Notice Title

Notice Description

Bolton NHS Foundation Trust ("BFT") intends to enter 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 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 will be for an initial period of 39 weeks (subject to extension). BFT 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 Development unless BFT 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") and underlying case law, and as such an "exempted contract" for the purposes of the Act and the Procurement Regulations 2024. Whilst the Option Agreement and Ground Lease contain no provisions authorising the Potential Development, BFT contemplates the possibility that it may choose to enter into further contractual arrangements with Noviniti at a point in the future (subject to separate BFT authorisations) subject to terms being agreed between Noviniti and BFT. If terms are agreed, then BFT and IFM may authorise Noviniti to undertake the Potential Development via a Licence for Alterations. At that stage, Noviniti and BFT and IFM (together with other relevant third parties) would enter into an Agreement for Underleases leading to (inter alia) the construction of the Potential Development and the grant of underleases to relevant third parties and BFT of parts of the completed Potential Development. In the event that BFT chooses not to enter into further documentation with Noviniti, then BFT will have a right to terminate the Ground Lease on the second anniversary of the date of the grant of the Ground Lease, provided that works to construct the Potential Development have not commenced. The Ground Lease is subject to a further break clause in favour of BFT on the 35th anniversary of the date of completion by Noviniti of the construction works constituting the Potential Development. Noviniti will also have the right to break the Ground Lease at the expiry of the first anniversary of the Ground Lease. The arrangements between Noviniti and BFT include a cost underwrite by BFT of Noviniti's costs incurred in pursuing consents and design development capped in accordance with an agreed schedule. Those costs are not payable in circumstances where Noviniti and BFT enter into further documentation and Noviniti undertakes the Potential Development. In circumstances where Noviniti does not undertake the Potential Development, then the costs become payable by BFT and in return Noviniti is obliged to assign the benefit of all reports and surveys undertaken and reliance rights from the professionals engaged by Noviniti.

Notice Details

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Publication & Lifecycle

Open Contracting ID: ocds-h6vhtk-06b59b
Publication Source: Find A Tender Service
Latest Notice: https://www.find-tender.service.gov.uk/Notice/056489-2026
Current Stage: Award
All Stages: Award

Procurement Classification

Notice Type: UK5 - Transparency Notice
Procurement Type: Standard
Procurement Category: Works
Procurement Method: Direct
Procurement Method Details: Below threshold - without competition
Tender Suitability: Not specified
Awardee Scale: SME

Common Procurement Vocabulary (CPV)

CPV Divisions: 45 - Construction work
CPV Codes: 45000000 - Construction work

Notice Value(s)

Tender Value: Not specified
Lots Value: Not specified
Awards Value: £30,000 Under £100K
Contracts Value: Not specified

Notice Dates

Publication Date: 16 Jun 20261 weeks ago
Submission Deadline: Not specified
Future Notice Date: Not specified
Award Date: 16 Jun 20261 weeks ago
Contract Period: 5 Jul 2026 - 5 Jul 2066 Over 5 years
Recurrence: Not specified

Notice Status

Tender Status: Complete
Lots Status: Complete
Awards Status: Pending
Contracts Status: Not Specified

Buyer & Supplier

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Contracting Authority (Buyer)

Main Buyer: BOLTON NHS FOUNDATION TRUST
Contact Name: Available with D3 Tenders Premium →
Contact Email: Available with D3 Tenders Premium →
Contact Phone: Available with D3 Tenders Premium →

Buyer Location

Locality: BOLTON
Postcode: BL4 0JR
Post Town: Bolton
Country: England
Major Region (ITL 1): TLD North West (England)
Basic Region (ITL 2): TLD3 Greater Manchester
Small Region (ITL 3): TLD36 Greater Manchester North West
Delivery Location: Not specified
Local Authority: Bolton
Electoral Ward: Farnworth North
Westminster Constituency: Bolton South and Walkden

Supplier Information

Number of Suppliers: 1
Supplier Name: NOVINITI DEV CO 14

Further Information

Notice Documents

https://www.find-tender.service.gov.uk/Notice/056489-2026
16th June 2026 - Transparency notice on Find a Tender

Notice URLs

Open Contracting Data Standard (OCDS)

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JSON Markdown

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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