Skanska sells stake in St Bartholomew's and Royal London hospitals


Construction giant sells shares in new hospitals for £80m

It has been revealed that construction giant, Skanska, has sold its investment in St Bartholomew’s and the Royal London hospitals for £80m.

The company had a 37.5% share in the two public-private partnership (PPP) hospitals, but has sold them to three Skanska pension funds, reports state.

Skanska UK will continue to be responsible for operations and maintenance of the buildings.

Skanska started construction on the £1billion revamp project in 2006. Since then St Bartholomew’s Hospital has been transformed into a specialist cancer and cardiac centre. The final phase of the scheme is due to be completed in early 2016.

The Royal London Hospital provides a specialist women and children’s centre, as well as accident and emergency treatment.

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All construction work at the Royal London has been completed and the facilities handed over.