Capsticks advises Frimley Health NHS Foundation Trust on its £98m redevelopment of Heatherwood Hospital10/05/19
Capsticks has advised Frimley Health NHS Foundation Trust on the partial disposal and redevelopment of the Heatherwood Hospital site in Ascot, Berkshire.
Construction work on the new hospital has now begun and the site, due for completion in 2021, will feature 40 inpatient beds and eight private patient suites, six operating theatres which will offer general and plastic surgery as well as trauma and orthopaedics while the addition of a primary care hub would make space for a GP practice to open. It will treat 168,000 patients a year which is 85,000 more than the current site.
The old building, which has been home to the hospital for almost 100 years, will be demolished and replaced with 230 homes.
Janet King, the Trust's Deputy Chief Executive & Director of HR & Corporate Services, said she was "very impressed with the help and support provided by the Capsticks team". She added: "This was a complex project to get off the ground with several unexpected challenges. The service provided was responsive, flexible and professional. It felt like a true partnership and the Trust is grateful for all the support that it received."
Capsticks advised on all aspects of the transaction, drawing on expertise from our real estate, corporate, planning and construction teams.
Sunita Raja, Senior Associate at Capsticks who led the deal said:
“Having worked with the Trust from the very outset of this transaction, we are delighted to be able to see the Trust’s vision of delivering better patient care become a reality and to support them in achieving best value for NHS land through partnership working with private residential developers, and creating additional and much needed housing”.