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Thu November 15 2018

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Skanska sells London hospital stakes

7 Dec 15 Swedish construction giant Skanska has sold its investment in two London hospitals, St Bartholomew’s and the Royal London, for £80m.

St Barts
St Barts

The buyers are three Skanska pension funds.

Skanska had a 37.5% share in the two public-private partnership (PPP) hospitals. Skanska UK will continue to be responsible for operations and maintenance of the buildings.

Skanska started construction on the £1bn project in 2006.

St Bartholomew’s Hospital (Barts) has been transformed into a specialist cancer and cardiac centre. The first phase of the new Barts Hospital was handed over in March 2010 and the final phase will be completed in early 2016.

The Royal London Hospital (pictured below) provides a specialist women and children’s centre, as well as accident and emergency treatment. All construction work at the Royal London has been completed and the facilities handed over.

MPU

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