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Selling a surplus site, generating £43 million for reinvestment in the NHS Estate

Havering Clinical Commissioning Group (CCG) announced the site surplus to requirements in 2013, with vacant possession in May 2016. NHS Property Services (NHSPS) then had to deliver the greatest value for the NHS, maximising the site’s value and finding a suitable buyer. 1.6 hectares (3.95 acres) of the site was retained for a potential new health building.

Securing planning permission for residential units helped us to sell the site for £43 million, which can now be reinvested into the NHS estate. Selling the site also meant the NHS will save the running costs of £500,000 per annum.