The Conservative Government regularly emphasises the importance, as they see it, of receipts from the disposal of surplus NHS land as a key capital funding stream for the NHS. They estimate surplus NHS land valued at around £3.3bn will be available for disposal in the near future.
Broadly speaking, ownership of the NHS Estate is divided amongst two categories of landowner. The first comprises NHS Trusts (including Foundation Trusts). There are over 200 of them in England. Along with other NHS bodies, they are primarily responsible for the provision of health and care services. But they also have very substantial property portfolios. That land is mostly needed to operate a world class health service. But, as requirements change, some of it becomes surplus to requirements.
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For further information please contact Neil Toner, Partner, Head of Real Estate at Devonshires.