Tender for US$440 million London Cancer Hub to be launched next year
The London Borough of Sutton (LBS) has announced that it is planning to launch a tender for a development partner for The London Cancer Hub early next year.
The Hub is envisaged as a world-leading cancer innovation centre, which will draw on the pedigree of the adjacent Institute of Cancer Research (ICR) and The Royal Marsden NHS Foundation Trust, a cancer treatment specialist. It will provide opportunities for scientists, clinicians, and innovative companies to come together in a world-class community.
The Hub will be developed across a 4.5-hectare site within The London Cancer Campus in south-west London. The Campus extends to 21 hectares and includes land owned by ICR and The Royal Marsden.
The site has the potential to accommodate up to 100,000m2 of space and will enable private enterprises to locate within the Campus, furthering collaboration with the internationally renowned institutional anchors.
The responsibilities of the selected development partner include all masterplanning, design and planning activities; raising of development finance; procurement of third party contractors and supply chain management; and marketing the Hub to attract occupiers.
The estimated total investment required is GBP350 million (US$439.6 million).
LBS intends to publish the formal contract notice for the project towards the end of January 2019.
Country news
-
-
November 26, 2018
UK university launches tender for US$385 million campus development
The University of Birmingham, located in the West Midlands region of England, is seeking a development and funding partner for the GBP300 million (US$384.2 million) Birmingham Life Sciences Park (BLSP). The selected private partner will enter into a joint venture arrangement with the University to deliver the project.
Read more -
November 02, 2018
Cube Infrastructure Fund II to invest in UK telecoms provider
Cube Infrastructure Managers has agreed to provide an initial GBP60 million (US$77.9 million) of additional funding to G.Network via Cube Infrastructure Fund II. G.Network is a fast-growing full fibre local access connectivity provider focused on London.
Read more -
October 12, 2018
TIME Investments launches US$40 million social infrastructure fund
TIME Investments has launched a GBP30 million (US$39.6 million) open-ended social infrastructure fund to the adviser market. TIME:Social Freehold seeks to offer investors consistent income with underlying rental income linked to inflation, whilst creating a positive impact on society.
Read more -
September 06, 2018
KKR Global Infrastructure Investors III closes at US$7.4 billion
KKR has announced the final closing of KKR Global Infrastructure Investors III, a US$7.4 billion fund focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries. KKR will be investing US$358 million in capital alongside external investors through KKR’s balance sheet and employee commitments.
Read more -
September 26, 2018
Carillion collapse sees second multi-million pound hospital PPP terminated in the UK
The Royal Liverpool and Broadgreen University Hospitals National Health Service (NHS) Trust has announced that its Board of Directors has decided to terminate the PPP contract to construct and maintain a new hospital in its service area.
Read more
