Ground Lease in respect of land at Southend Hospital
What the buyer wrote
The Mid and South Essex NHS Foundation Trust" ("MSEFT") has entered into an Option Agreement with Noviniti Dev Co 12 Ltd ("Noviniti") giving Noviniti the right to call for a Ground Lease in respect of land at Southend Hospital ("the Hospital") as the site of a proposed building for intended hospital uses and clinical space including a Day Surgery Unit ("the Potential Development"). The Option Agreement is for an initial period of 39 weeks (subject to extension). MSEFT has had valuation advice and will grant the Ground Lease (which will be for a minimum term of 45 years subject to earlier break rights) ("the Ground Lease") at a premium which reflects market value as advised by independent va…
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Awarded to
Details
- What the buyer calls it
- Ground Lease in respect of land at Southend Hospital
- How they are buying
- Given to one supplier, no competitionNobody else was asked, and the buyer has to be able to justify that.
- Work starts
- 14 May 2025
- Work ends
- 12 Feb 2026
- Where
- in the East of England
Who the buyer named
Katie Doherty was the named contact on this notice.