NWS consortium wins Wong Chuk Hang hospital site

Projects, Slider 14 Mar 2013
NWS consortium wins Wong Chuk Hang hospital site

A consortium including listed infrastructure company NWS Holdings (0659) has won a tender to develop a private hospital in Wong Chuk Hang in Aberdeen.

The Food and Health Bureau announced yesterday that it had awarded the tender to the company GHK Hospital after it obtained the highest tender assessment score out of the three tenders submitted.

The land premium offered by GHK Hospital was HK$1.69 billion.

An artist's impression of the proposed private hospital at Wong Chuk Hang  (NWS Holdings)

An artist’s impression of the proposed private hospital at Wong Chuk Hang (NWS Holdings)

The company has a capital investment of HK$5 billion and is a partnership between NWS with 40 percent stake and leading Singapore private healthcare provider Parkway Pantai with 60 percent stake.

It will be partnering with the Li Ka Shing Faculty of Medicine of the University of Hong Kong.

“The Government has entered into the Agreement and Conditions of Sale (Land Grant) as well as the Service Deed with GHK Hospital Limited in respect of the tender for the development of a private hospital at the piece of land in Wong Chuk Hang today,” Secretary for Food and Health Dr Ko Wing-man said Wednesday.

The  hospital, to be called Gleneagles Hong Kong Hospital, with 500 beds is scheduled to start operation in late 2016  at the site on Nam Fung Path next to the existing Wong Chuk Hang Hospital.

The draft government lease stipulates that gross floor area would be limited to a maximum of 46,750 square metres (503,217 square feet).

In addition, tenderers were advised there were 657 H-piles previously installed on the site and that the future hospital would have to share the site with the Nam Fung Portal Ventilation Building and a transition box for railway tracks being built by the MTRC (0066) as part of the South Island Line (East).

Another tender submission for a site in Tai Po for private hospital use was rejected after the bureau received only one tender that did not conform to the tender requirements.

Location map from the draft government lease showing the Wong Chuk Hang site for the private hospital  (HKSAR Government)

Location map from the draft government lease showing the Wong Chuk Hang site for the private hospital (HKSAR Government)

Separately, Lands Department said that a tender for a prime residential site in Ho Man Tin at the junction of Sheung Lok Street and Sheung Shing Street had been awarded to mid-sized developer Kerry Properties (0683) after it submitted a price of HK$11.69 billion, beating five other developers including big boys Cheung Kong (0001), Sun Hung Kai (0016) and Henderson Land (0012).

A consortium comprising of Swire Properties (1972), Hang Lung Group (0010), Henderson Land (0012), New World Development (0017) and Sun Hung Kai (0016) that developed the Citigate mall at Tung Chung bagged a commercial site at Tung Chung for a price of HK$2.33 billion, beating the upper limit of market forecasts of HK$1.6 billion.

It beat eight other tenderers including Cheung Kong, Sino Land (0083) and The Wharf (Holdings) (0004).

Danny Chung

 

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