--- title: "Agreement for lease at Haymarket Development, Edinburgh" ocid: "ocds-r6ebe6-0000667196" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000667196" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000667196.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000667196.json" source: "Public Contracts Scotland" 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-r6ebe6-0000667196 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000667196) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000667196.json) ## Summary The City of Edinburgh Council has completed a procurement process for an agreement to lease a new hotel at the Haymarket Development in Edinburgh, aiming to enhance its hospitality services. The procurement occurred under a limited award procedure, where the supplier chosen was The Prudential Assurance Company Limited. The contract was signed on 12 March 2020, with a total contract value of £91,250,000. This project falls within the works category, specifically focusing on general public services and is linked to the Edinburgh International Conference Centre. This project presents significant opportunities for businesses in the construction and hotel management sectors, particularly for those specialising in large-scale developments and hospitality experiences. Companies with expertise in hotel construction, design, and operational management could potentially benefit from future contracts or collaborations stemming from this project, especially given its aim to accommodate approximately 400 hotel rooms and the involvement of recognised industry players such as the Edinburgh International Conference Centre Limited. ## 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 | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB440026 | | Notice type | OJEU - F3 - Contract 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 | Complete | | Awards status | Not specified | | 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 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB440026 - 20 Sep 2021 at 00:00 - Award - OJEU - F15 - Voluntary Ex Ante Transparency Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP428070 ## Documents - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP428070 Agreement for lease at Haymarket Development, Edinburgh - The City of Edinburgh Council intends to enter into an agreement for lease for a new hotel at Buildings 2 & 3, Haymarket Development, Edinburgh. - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB440026 Agreement for lease at Haymarket Development, Edinburgh - The City of Edinburgh Council intends to enter into an agreement for lease for a new hotel at Buildings 2 & 3, Haymarket Development, Edinburgh. ## Notice URLs - http:// - http://www.edinburgh.gov.uk - http://www.scotcourts.gov.uk - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000667196 ## 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-r6ebe6-0000667196. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000667196.json.