John Laing signs Cambridge Biomedical Campus project
Cambridge University Hospitals and John Laing have signed contracts to deliver the Forum project on the Cambridge Biomedical Campus.
On 1 May 2013 John Laing was selected as the preferred partner for the project.
The Forum, which will be designed by global architecture practice NBBJ, will comprise a new post-graduate medical education centre, a private hospital and a hotel and conference centre.
The estimated cost of the project is £120 million.
With the signing of the contract, a joint venture between Cambridge University Hospitals and John Laing has been formed. The partners are now working to finalize the funding and operational plan for the project, and securing planning permission.
Construction of the development will be carried out by Laing O'Rourke and it is planned that the private hospital will be run by Ramsay Health Care UK. The post-graduate medical education centre will be managed by Cambridge University Hospitals.
The Forum development on the Cambridge Biomedical Campus (CBC) will include a private hospital, a hotel, a new car park, shops and restaurants.
Subject to planning permission, building work is planned to start in summer 2014 and will be completed in time for a formal opening in summer 2016. Cambridge University Hospitals will grant a long-term lease on the land it owns but will retain the freehold.
Source: Cambridge University HospitalCountry news
-
-
October 01, 2013
KPMG appoints Global Services' Infrastructure Hub Leader
KPMG several days ago announced that John Kjorstad, current Editor of Infrastructure Journal (IJ) will join its Global Infrastructure practice as an Associate Director in January 2014. Read more -
October 02, 2013
Equitix raises 500 million for its third infrastructure fund
Equitix have announced that their fundraising for Equitix Fund III, has hit the hard cap of £500 million, 3 months after its £350 million First Close. Read more -
October 02, 2013
Greencoat UK wind acquires two wind farms for 70 million
The Board of Greencoat UK Wind PLC (UKW) has announced the agreement to acquire the whole of Cotton Farm and Earl's Hall Farm Wind Farms from BayWa r.e. renewable energy GmbH (BayWa r.e.), a subsidiary of the BayWa Group (the German listed agriculture, building materials and energy group) for a total consideration of £70.0 million including prepayment of existing indebtedness and including £6.4 million of cash. The acquisition, which is expected to complete on October 2nd 2013, will be funded through reinvestment of UKW's cash resources and acquisition debt facility. Read more -
October 03, 2013
UK green investment bank invests 11m in Welsh biomass plant
Biomass plant in Port TalbotThe UK Green Investment Bank (GIB) announced on Sept. 30th an investment by its fund, managed by Greensphere Capital LLP (Greensphere), to purchase and upgrade an operational biomass plant in Port Talbot, Wales.The UK Green and Sustainable Waste and Energy Investment Limited Partnership (UKGSWEI), is investing £11 million to hold a minority stake in the plant. The UKGSWEI fund, in which GIB is a cornerstone investor, is managed by Greensphere. Read more -
October 03, 2013
Bilfinger Berger fund to acquire 11 PPP projects from Bilfinger Berger
Bilfinger Berger Global Infrastructure SICAV S.A. (BBGI) has announced that it is in sole discussions with Bilfinger Berger in relation to the potential acquisition of up to 11 pipeline projects with a potential value of around £200 million. This follows the announcement on 28 May 2013 that Bilfinger proposes to divest of its concessions business unit which comprises PFI/PPP projects in Australia, North America and Europe. Read more
