Official UK procurement notice
Agreement for lease at Haymarket Development, Edinburgh
Authority: The City of Edinburgh Council (Local council)
What is being bought
Published requirement descriptionThe City of Edinburgh Council intends to enter into an agreement for lease for a new hotel at Buildings 2 & 3, Haymarket Development, Edinburgh.
CPV: Building construction work · Construction work · Urban development construction work
The lotProcurement structure
single lot · no lot value publishedLot #1The Council intends to enter into an agreement for lease with The Prudential Assurance…Awarded
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.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Award procedure without prior publication of a call for competition
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Works
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 20 Sept 2021, 14:55 BST
- Last source update
- 8 Feb 2022, 09:35 GMT
- FTS notice number
2022/S 000-003520- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02e299Find a Tender
- Why no open competition
The works, supplies or services can be provided only by a particular economic operator due to absence of competition for technical reasons
- Published justification
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.
Publisher note: (SC Ref:682484)
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Prudential Assurance Company | £91,250,000 †same award published again · counted once | — | Awarded |
| Prudential Assurance Company | £91,250,000 † | — | Awarded |
Contracts
Contract 003520-2022-1 · Prudential Assurance Company
- Signed
- 12 Mar 2020
- Value
- £91,250,000
- Status
- active
Contract 023334-2021-1 · Prudential Assurance Company
- Signed
- 12 Mar 2020
- Value
- £91,250,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids · 1 electronic | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Court of SessionReview body
Bidders & participating suppliers
1 commercial party on the notice- The Prudential Assurance Company LimitedAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.