---
title: "Agreement for lease at Haymarket Development, Edinburgh"
ocid: "ocds-h6vhtk-02e299"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e299"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e299.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e299.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "THE CITY OF EDINBURGH COUNCIL"
published: "2022-02-08"
---

# Agreement for lease at Haymarket Development, Edinburgh

Buyer: THE CITY OF EDINBURGH COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-02e299

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## Summary

The City of Edinburgh Council is seeking to establish an agreement for lease concerning a new hotel at the Haymarket Development in Edinburgh. This tender falls under the construction industry category and focuses on works, specifically building and urban development construction. As part of a limited procurement method, which is a negotiated procedure without prior publication of a call for competition, the procurement process is currently complete. Key details include an active contract awarded to The Prudential Assurance Company Limited, with a total value of £91,250,000, signed on 12 March 2020.

This tender presents a significant opportunity for businesses involved in large-scale construction and hotel development projects, particularly those with expertise in hotel operations, design, and infrastructure development. Companies that specialise in urban development and have experience in working on long-term leases, as well as those capable of fulfilling the specific requirements of the City Council and the Edinburgh International Conference Centre, will find themselves well-positioned to compete for future projects within this framework.

## Notice

The City of Edinburgh Council intends to enter into an agreement for lease for a new hotel at Buildings 2 & 3, Haymarket Development, Edinburgh.

### Lot Information

Lot 1

The Council intends to enter into an agreement for lease with The Prudential Assurance Company Limited (the Landlord) for a new hotel at Buildings 2 & 3, Haymarket Development. The new hotel development is to be built on land owned by the Landlord, and on completion leased to the Council for a period of 25 years, with the right to extend the lease for a further period of 5 years. The agreement for lease will include enforceable obligations on the Landlord relating to design and construction and the carrying out of infrastructure and external works in relation to the new hotel. The Council intends to grant a sublease to the Edinburgh International Conference Centre Limited (EICC), or a subsidiary of EICC, who intend to operate the new hotel.

### Procurement Information

This procurement is exempt on the basis of Regulation 33(1)(b) (Use of the negotiated procedure without prior publication) of the Public Contracts (Scotland) Regulation 2015. Given both the Landlord's exclusive rights in the relevant land interests and for technical reasons associated with the requirements of the Council and EICC for the new hotel, the works can be provided only by the landlord and developer of the Haymarket development.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/003520-2022 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Works |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Feb 2022 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 12 Mar 2020 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £91,250,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE CITY OF EDINBURGH COUNCIL |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH8 8BG |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | City Centre |
| Westminster constituency | Edinburgh East and Musselburgh |
| Delivery location | TLM75 City of Edinburgh |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | THE PRUDENTIAL ASSURANCE |

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45000000 - Construction work
- 45210000 - Building construction work
- 45211360 - Urban development construction work

## Release History

- 8 Feb 2022 at 09:35 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/003520-2022
- 20 Sep 2021 at 13:55 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/023334-2021

## Notice URLs

- http://www.edinburgh.gov.uk
- http://www.scotcourts.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000667196
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00290

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e299. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02e299.json.