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Acquisition of land and associated construction works relating to proposed Becketwell Venue, Colyear Street, Derby

Derby City Council Published 18 May 2021 Find a Tender

key details

Statuscomplete
Category (CPV) 45000000 +2 more
RegionEast Midlands
Procedurelimited
OCIDocds-h6vhtk-02a619

Award

SupplierValueDateStatus
St James (4) Limited · · active

description

Derby City Council ("the Council") has entered into contractual arrangements with SJS (4) Limited and St James Securities Group for the development of a performance venue.

The Council has entered into two principal agreements with SJS(4) Limited:

  1. A land sale agreement under which the Council will purchase land from SJS(4) Limited for a value of GBP 561,495 which is to be the main part of the site of the performance venue after SJS has satisfied conditions requiring SJS(4) Limited to secure planning permission for the development of the venue following approval of plans by the Council, achieve vacant possession, obtain relevant indemnity insurances and identify a tenant for the venue.
  2. A forward funding agreement under which the Council will provide GBP 45,238,505 funding for SJS(4) Limited to carry out demolition and construction at the site and St James Securities Group will act as Guarantor for the obligations of SJS(4) Limited.

notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
14 Apr 2021 Voluntary ex-ante transparency (F15) Earlier regulations 007848-2021
18 May 2021 Contract award notice (F03) Earlier regulations 010952-2021

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source

Published on Find a Tender. Contact details for named individuals are not reproduced on this site.