Lend Lease selected for Aussie hospital PPP

The Exemplar consortium, which includes developer Lend Lease and financial sponsor Capella Capital, has been named preferred bidder for the A$630m New Bendigo Hospital PPP.

Australian developer Lend Lease is part of the Exemplar consortium, which has been named preferred bidder for the A$630 million (€500 million; $651 million) New Bendigo Hospital public-private partnership (PPP) in the Australian state of Victoria. 
The consortium also includes: Capella Capital, a sponsor and financial adviser which has a partnership with Lend Lease; Bates Smart, an architect; Silver Thomas Hanley, a health planner; and Spotless Services, a facilities and maintenance manager. 
In February, the tender for New Bendigo had been reduced to two shortlisted consortia, with Exemplar up against Intercare. The latter comprised John Laing, RBS, Theiss and Theiss Services. 
Among other things, the project will deliver: a new hospital in the Victorian city of Bendigo with 372 new beds and 10 new operating theatres; an integrated cancer centre and mental health unit; a helipad to be built on top of a new multi-story car park; and a bridge link to connect the car park to the main hospital site. 
Construction is expected to begin shortly with completion scheduled for 2016. 
Victoria’s Minister for Health David Davis said in a statement: “The coalition government, through the public-private partnership and Best and Final Offer tender process, has driven a better deal, better value for money and additional amenities for the community of Bendigo and north-west Victoria.”