Multi Storey Car Park Development

Description

Wrightington, Wigan and Leigh Teaching Hospitals NHS Foundation Trust (WWL) intends to contract with Noviniti Dev Co 13 Ltd (Noviniti) and CP Plus Limited (t/a GroupNexus) (CPP) regarding a multi-storey car park development (the MSCPD) at Freckleton Street near Royal Albert Edward Infirmary (the Hospital). The documents to be executed by WWL comprise a Licence for Alterations (LfA), a Principal Agreement for Underlease (S2AFL) and a Deed of Covenant (DoC). The LfA grants consent under the Ground Lease dated 17.12.2024 between WWL and Noviniti of the site of the proposed MSCPD ("GL") to carry out the MSCPD. The S2AFL between WWL, Noviniti and CPP contains all relevant obligations relating to the MSCPD and provides for CPP to accept a 15 year lease of the completed MSCPD (Operator Lease). The DoC is entered into by WWL and CPP and provides for payments to or from WWL in respect of surpluses or shortfalls in car parking revenue (liability will sit with WWL) and services standards.