Customer service0808 196 2045  ||  Log in to Connect

Published date: 11 June 2019

Generating over £8m for the NHS by selling a surplus site

Southwark Clinical Commissioning Group (CCG) announced the site surplus to requirements in August 2013, although part of the site was occupied until 2016.

NHS Property Services (NHSPS) then had to deliver the greatest value for the NHS, maximising the site’s value and finding a suitable buyer.

NHSPS teams carried out extensive due diligence to de-risk the site (including asbestos, environmental and topography), and then worked with architects and town planners to design a residential scheme before undertaking a series of pre-application meetings with the Local Planning Authority.

In February 2017 we were able to a positive pre-application response from the Local Planning Authority which established the principle of residential development on the site, in addition to the size and scale of the development that was proposed. This significantly increased the value of the site, minimising the town planning risk for any prospective purchaser.

We then launched a marketing campaign with JLL, with a brochure, website and a mail shot to over 2,000 property professionals. The site was bought unconditionally by Peabody (a Registered Social Landlord) for £8.3 million (over £2 million more than the original valuation), completing in March 2018.

 

Read the full case study

Securing planning permission for residential units helped us to sell the site for £8.3 million, over £2 million more than the original valuation, which can now be reinvested into the NHS estate. The site’s development will now contribute a significant amount of affordable housing to the local area.

You may also be interested in

The Willows and Biggin Hill Clinics Receive Improvements

NHS Property Services collaborated with NHS South East London ICB and Bromley Healthcare CIC to deliver upgrade. Renovations aimed at increasing safety, security and compliance as well as enhancing patient experience.

NHSPS Appoints New Managing Director For London

NHS Property Services (NHSPS) has recently promoted Sally Tombs to the role of Managing Director for the London region.

Chiswick Health Centre Hosts Topping Out Event

Over 30 people have donned their hi-vis and hardhats to get a glimpse of the under-construction Chiswick Health Centre at a recent topping-out ceremony.