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05/09/2011
Bust Hospital To Become Flats
A major London hospital could be sold off and turned into flats, according to findings by the Independent.
St May's Hospital, Paddington, is a 166-year-old training hospital in Central London and part of the Imperial College Healthcare NHS Trust, which is in financial turmoil.
However, the Independent said it had learned on Monday that the trust is now considering a proposal to shut St Mary's and sell off the site to property developers after learning six architect firms had been asked to provide a quote for turning the site into 3,000 flats.
In April it emerged Imperial College Healthcare had an underlying financial deficit of £40 million between income and expenditure.
Currently a training hospital's, St Mary's has a long and historic record, being the facility where Alexander Flemming first discovered Penicillin and where Roger Bannister was professor on Neurobiology.
St Mary's is located in a prime commercial site in Paddington and any deal with developers is expected to be extremely lucrative for the healthcare trust umbrella group.
In a statement to The Independent, Imperial Healthcare NHS trust confirmed it was looking seriously at selling the hospital: "We started a tender process to appoint architect and engineer firms to look at the development potential of all of our sites."
The statement said the trust had identified £45m of savings towards a £70m target for the year which would leave a £30m deficit, and was reviewing "how to make the best use of our buildings".
(DW/CD)
St May's Hospital, Paddington, is a 166-year-old training hospital in Central London and part of the Imperial College Healthcare NHS Trust, which is in financial turmoil.
However, the Independent said it had learned on Monday that the trust is now considering a proposal to shut St Mary's and sell off the site to property developers after learning six architect firms had been asked to provide a quote for turning the site into 3,000 flats.
In April it emerged Imperial College Healthcare had an underlying financial deficit of £40 million between income and expenditure.
Currently a training hospital's, St Mary's has a long and historic record, being the facility where Alexander Flemming first discovered Penicillin and where Roger Bannister was professor on Neurobiology.
St Mary's is located in a prime commercial site in Paddington and any deal with developers is expected to be extremely lucrative for the healthcare trust umbrella group.
In a statement to The Independent, Imperial Healthcare NHS trust confirmed it was looking seriously at selling the hospital: "We started a tender process to appoint architect and engineer firms to look at the development potential of all of our sites."
The statement said the trust had identified £45m of savings towards a £70m target for the year which would leave a £30m deficit, and was reviewing "how to make the best use of our buildings".
(DW/CD)
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