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Tue June 15 2021

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Lend Lease finalises Australian hospital PPP deal

31 May 13 Lend Lease has reached financial close with the Victorian State Government to enter into a AU$630m (£400m) public-private partnership (PPP) to design, construct, maintain and finance the new Bendigo Hospital.

The agreement comes less than a month after Lend Lease's Exemplar Health consortium, which also includes Capella Capital, Siemens and Spotless, was named preferred bidder.

The new Bendigo Hospital will feature 372 in-patient beds, 10 operating theatres, an integrated cancer centre, a mental health unit and a helipad in addition to a mix of small commercial developments. The works include a new hospital in addition to some minor refurbishment of heritage buildings.

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