The RNOH land sales proposal

1
The RNOH land sales proposal

• Used to produce a way to fund full hospital
  development to counteract the RF proposal
• Involves disposal of two thirds of RNOH site
• Planners granted concessions on building heights
  and affordable percentages to help secure RNOH
  future

2
The RNOH Masterplan
East end Land sales 10,7247 ha sale 2014/15
West end Land sales 11,344 ha sale 2010/11
3
Key issues

• Disposal of two parcels of land separately east
  west end
• Gaining best value for money (one off
  opportunity)
• Timing and market forces
• Outline Planning permission
• The need for other strategies to raise income if
  a shortfall results

4
St Georges Mental Health NHS Trust Springfield
Garden Village

• A plan for the regeneration of the
  168-year-old Springfield University Hospital site
  in Tooting. It is a vision to transform a
  crumbling, 80-acre site into a vibrant mixed use
  development that places health and well being at
  the heart of a thriving new community. 

5
St Georges Mental Health NHS Trust Springfield
Garden Village

• The plan is to create a mixed use development at
  that is inspired by the garden village concept
  and will
• Preserve the site's heritage and open space.
• Provide high quality accommodation and
  opportunities for people.
• Place good health at the heart of the community.

6
The Laurie Marsh model An alternative financing
option for the redevelopment of the Stanmore site

• Our interpretation
• Trust does not get funds from land sales
• housing development would be undertaken in phases
  
• Residential properties would be leasehold
• hospital redevelopment would be either phased as
  dependent on cash flow or would not occur until
  all the residential units had been completed and
  sold possible shortfall in funds
• DH support
• Funding support from NHS London not forth coming