DISPOSAL OF THE LONDON CHEST HOSPITAL BARTS HEALTH NHS TRUST Case Studies
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Requirements
Barts had the opportunity to evaluate and rationalise its estate and identify the sites that were no longer needed or used. The disposal of unused property offered Barts the possibility of a meaningful financial return to invest in their new Cardio Centre.
Solution
Our team maximised profit for Barts by de-risking the site through detailed negotiations with Tower Hamlets, co-ordinating comprehensive site-specific surveys and managing a highly competitive disposal process.
We supported the client in the following areas: • Business case support • Planning; including pre-application meetings • Options appraisal and Results
Through competitive bidding, the site was successfully sold to a national developer for £50m, on an unconditional basis, which far exceeded the Trust’s expectations.
The transaction was completed quickly and efficiently considering the size and profile of the site with a successful outcome, achieving one of the highest recorded unconditional sales within the NHS.
Feasibility assessment • Development consultancy and appraisal • Soft market testing • Co-ordination of a comprehensive commission of site-specific surveys • Liaising with the TDA • Disposal
University of Surrey
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