NHS Property Services has sold the former St George’s Hospital site in Hornchurch, Essex, to Bellway for more than £40m.
The transaction is the largest single capital receipt for a surplus site achieved by NHS Property Services.
NHS Property Services secured outline permission in summer 2017 for 290 new homes. The consent includes the provision of 15% affordable housing, while a 1.6-ha portion of the 11.7-ha site has been retained for a potential new health facility.
Savills advised NHS PS.
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