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Tenfell
Awarded contract
Published 21 Jan 2025

Project Texas

Loughborough University · East Midlands

Key facts

Contract value
£4,000,000
Awarded
20 Jan 2025
Contract starts
01 Nov 2025
Contract ends
01 Nov 2027
Procedure
Other -
Buyer type
Education

Awarded to

SupplierValue
Stoford Loughborough Limited£4,000,000

Description

The University proposes entering into an agreement for lease with Stoford Loughborough Limited ("Stoford") that will, subject to the satisfaction of certain conditions precedent, result in the grant of a long lease by the University of a site owned by the University ("the site") to a lessee nominated by Stoford ("the lessee"). Stoford proposes to commission the construction by a building contractor for the lessee of a new advanced manufacturing facility on the site, along with site specific infrastructure, which the lessee will sub-lease to an occupier ("the sub-lessee"). The building contractor will also provide certain infrastructure works on land owned by the University adjacent to the site, comprising a new roundabout, spine road and drainage, which will be owned by the University.

Categories (CPV)

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