Joint Venture Opportunity for Health Innovation District in UK
Edinburgh BioQuarter has issued a prior information notice (PIN) in the Official Journal of the European Union (OJEU) signalling its intention to launch a procurement process to deliver a world-leading Health Innovation District for Edinburgh. A virtual bidders’ day for interested parties to learn more is planned for 1 September 2020.
BioQuarter is a partnership between the University of Edinburgh, Scotland’s health board NHS Lothian, the City of Edinburgh Council and Scottish Enterprise.
Edinburgh BioQuarter´s 167-acre site lies just three miles south of Edinburgh city centre and currently 8,000 people work and study within its boundary. Today, it comprises many award-winning life sciences businesses based at NINE, its Innovation Centre, the globally renowned Edinburgh Medical School, many of the University of Edinburgh’s world-leading research institutes and the 900-bed Royal Infirmary of Edinburgh.
The vision is a GBP 1 billion (USD 1.23 billion) transformation to create Edinburgh’s Health Innovation District, a new and vibrant mixed-use neighbourhood, ultimately supporting a community of more than 20,000 people. It will include commercial labs and offices as well as residential housing, cafes, bars, restaurants, hotel, retail and leisure. A fly-through video of the proposed development has been released to coincide with the launch of the PIN.
The PIN is notification of the BioQuarter partners’ search for a partner to invest in and accelerate plans for the 61 acres of developable land. So far over GBP 500 million (USD 616 million) of capital has been invested at BioQuarter, with a further GBP 330 million (USD 407 million) of capital investment planned for the next five years for buildings, infrastructure, and specialist equipment.
Additional information on the BioQuarter can be found by following the link in the project profile. A virtual bidders day will be held 9.30 a.m. (GMT+1) Tuesday, 1 September 2020. In order to register your interest for the bidders day, interested parties should register here.
Estimated date of publication of contract notice is on February 1, 2021.
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