Future hospital property acquisitions (FOI)

​Request

Since States approval was given (not planning approval) to build a new hospital on the existing hospital site in Gloucester Street:

A

What is the up to date spend on this project including finding a suitable site?

B

What properties have been acquired, and the cost of these purchases?

C

What properties and at what cost have been purchased in the last 12 months for the new hospital project?

D

What are the ongoing weekly costs being incurred by the project management team and others?

E

Where is the funding coming from for property purchases for this project?

F

How much is currently in the "Rainy Day" Fund?

Response

A

Spend to 30 September 2018 on the current scheme is £25,578,692 against the overall budget of £466 million.

B and C

On 15 December 2017 there was the acquisition by the Public of the Island of the property known as "The Apartment (Share 2)", 44 Kensington Place, St Helier for a consideration of £380,000.

On 23 February 2018 there was the acquisition by the Public of the Island of the property known as "Ground Floor (Share 1)", 44 Kensington Place, St Helier for a consideration of £425,000.

Contracts for the purchase of land are kept in the Public Registry. The Public Registry may be searched by anybody for free during office hours at the Judicial Greffe, Royal Court House, Royal Square, St. Helier, JE1 1JG or at Jersey Archive, Clarence Road, St Helier, JE2 4JY.

Alternatively the staff of the Public Registry can perform searches for a charge. Details of office hours and any charges may be found on the following web page on the www.gov.je site:

Public Registry services, fees and Stamp Duty

D

The spend on the project varies week-by-week so it is not possible to provide a figure that represents weekly ‘ongoing cost’. Costs include consultants and advisors fees, enabling works, and project overheads, all of which will be contained within the overall allocated budget of £466 million.

E

Funding for the properties currently acquired came from the Consolidated Fund as part of the 2014 Budget allocation to the Future Hospital Project. Future acquisitions will be contained within the overall £466 million budget.

F

The value of the Strategic Reserve Fund (the “Rainy Day” Fund) as at 31 August 2018 was £872,566,998. This value is not audited. The capital protected value of the Strategic Reserve Fund as quoted in the 2017 annual accounts is £715,342,000.