Kajima Partnerships, as part of Step Developments Limited, a joint venture between Kajima and Sir Robert McAlpine Capital Ventures, has achieved financial close for a new 64-bed care home in our Springfield Hospital estate redevelopment and regeneration project. Funding for the new facility was secured with Octopus Healthcare Fund and Brendoncare Foundation Trust will operate the care home under a 35 year lease, upon its completion.
The whole project is being delivered in partnership with South West London and St George's Mental Health NHS Trust and when complete will comprise; two new state-of-the-art mental healthcare facilities, training centre, forensics building and over 800 residential units. In addition to the new care home, there will also be a 32-acre public park and community facilities on site.
Works to transform the 80-acre estate started in December 2019 and following a short break in construction in March 2020, due to the Coronavirus pandemic, restarted in April 2020. The new care home facilities which are being constructed by Lawrence Baker will be completed in October 2022 with the entire Springfield redevelopment expected to be completed in June 2023.
Funding for this once-in-a-generation £150m project is primarily through the redevelopment of surplus land on site.
Jitesh Patel, Senior Development Manager at Kajima said: “We’re incredibly proud of this project, where we are working in a joint venture to deliver an estate rationalisation scheme that will benefit the local community, including new and refurbished health facilities, recreational space, extra care facilities and new residential homes.
Having achieved financial close on the care home on 19th March, it has demonstrated to me how important collaborative and partnership working can be when; dealing with multiple partners and stakeholders, coordinating a programme that has to align with a pre-agreed and established infrastructure programme, whilst also managing the impact the pandemic has had on the way we all work and engage.
Overall, the first-class Springfield hospital regeneration, which is primarily self-financing, will be an exemplar of how mental healthcare facilities can be integrated into the community in a sustainable manner, as well as providing housing, transport and community facilities for the wider area.”