Winner for Watford Health Campus

31 August 2012 A preferred bidder has been named on the Watford Health Campus local asset-backed vehicle (LABV) scheme.
Contractor Kier has won the competition to deliver the redevelopment of the campus site, which will include new hospital facilities, homes, office space and car park.

The firm beat off rival bidder John Laing, after Vinci and a consortium led by Chesham Estates had been knocked out earlier in the process.

Of the 650 new homes to be built under the contract, 35% will be affordable housing, while the office space will be pre-let to West Hertfordshire Health Trust.

Kier will now work with the trust and Watford Borough Council to get the LABV signed off. Financial close for the project, which could be worth over £500m, is scheduled for the end of this year.

For more information on the deal, click here.

This page was last updated on:
26 May 2016.

thumb

Keeping positive

The troubles afflicting Edinburgh’s PPP schools should not detract from what the best examples of the model can offer

“The Mood is Very Positive”

Sir John Armitt, Institution of Civil Engineers president, member of the National Infrastructure Commission and chair of the National Needs Assessment, gives his take on the UK’s infrastructure landscape

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...