---
title: "Unit 6, Viables Business Park, Jays Close, Basingstoke"
ocid: "ocds-h6vhtk-040e3e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-040e3e"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-040e3e.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-040e3e.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "BASINGSTOKE & DEANE BOROUGH COUNCIL"
published: "2023-10-23"
---

# Unit 6, Viables Business Park, Jays Close, Basingstoke

Buyer: BASINGSTOKE & DEANE BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-040e3e

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/031218-2023 |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Oct 2023 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 16 Jul 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BASINGSTOKE & DEANE BOROUGH COUNCIL |
| Locality | BASINGSTOKE |
| Post town | Reading |
| Postcode | RG21 4AH |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ37 North Hampshire |
| Local authority | Basingstoke and Deane |
| Electoral ward | Eastrop & Grove |
| Westminster constituency | Basingstoke |
| Delivery location | TLJ37 North Hampshire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ST MODWEN STRATEGIC LAND |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70332000 - Non-residential property services

## Release History

- 23 Oct 2023 at 13:43 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/031218-2023

## Notice URLs

- http://www.basingstoke.gov.uk

## 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-040e3e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-040e3e.json.