|Project name:||UK: Edinburgh RHSC + DCN hospital PPP|
Construction of a major new healthcare facility in Edinburgh is set to start after the financial contracts were agreed. Construction works will start over the course of the next few weeks and the new building, which will adjoin the Royal Infirmary of Edinburgh, is anticipated to open in autumn 2017.
NHS Lothian has reached financial close on Royal Hospital for Sick Children and Department of Clinical Neurosciences non-profit distributing (NPD) scheme.
The £155m project has signed with the Integrated Healthcare Solutions Lothian consortium, which comprises Macquarie Capital as sole sponsor and exclusive financial adviser, Brookfield Multiplex (design and build contractor) and Bouygues E&S (facilities management provider).
Debt on the deal was provided by M&G alongside the European Invstment Bank, together with some junior debt provided by Macquarie Capital.
Contractincludes the design, construction, financing and/or the provision of certain non-clinical management services, a new facility for a combined stand-alone Royal Hospital for Sick Children (RHSC) and Department of Clinical Neurosciences (DCN).
13 February 2015 - Edinburgh Sick Kids signs
8 September 2014 - Edinburgh Sick Kids gets planning
|Region:||UK - Scotland|
|Current status:||Project Signed - 13/02/2015|
|Public Sector Procuror Details|
|Authority/Commssioning body:||NHS Lothian|
|Public sector contact:||Carol Harris
Tel: +44 (0)131 465 5652
|Public sector advisors:||MacRoberts - Legal Advisors
|Private Sector Details|
|Consortium name:||Integrated Healthcare Solutions Lothian|
|Private sector shareholders:||Brookfield Multiplex - Subcontractor - Construction
HLM Architects - Architects
Macquarie Capital - Shareholders
Bouygues UK Ltd - Subcontractor - Facilities Managers
|Private sector debt-providers:||M&G Investments - Debt Providers
European Investment Bank - Debt Providers
|Private Sector Shortlist|
|Private sector shareholders:||Laing O'Rourke Plc - Shareholders
Keppie Design - Architects
|Private sector shareholders:||Balfour Beatty - Shareholders
BAM PPP - Shareholders
Building Design Partnership (BDP) - Architects
Most Read Stories
The troubles afflicting Edinburgh’s PPP schools should not detract from what the best examples of the model can offer
House of Funds
Michael Ryan formed Dalmore Capital just when the economy and the PPP pipeline was flatlining. He tells Amanda Nicholls how the fund manager has come out the other side