The Northern Beaches Hospital reaches operational readiness today, after almost four years of construction. Gilbert + Tobin advised Healthscope on the State concession structuring, design, build, finance, operation and maintenance contracts for this ground-breaking hospital. It is one of the more significant investments in health infrastructure in recent times, and the first of its kind in terms of delivery model and payment structure.
The Northern Beaches Hospital, located in Frenchs Forest, will see acute services relocated from Mona Vale and Manly Hospitals and will form part of the broader Northern Beaches Health Service (NBHS).
The NBHS development involved the construction of a nine-storey hospital, which is built on a 6.5 hectare site, contains 488 beds, 1,400 car spaces and a helipad. Healthscope will provide public patient services for 20 years.
Banking + Infrastructure Partner Alexander Danne said he was proud to have worked alongside Healthscope and its transaction partner NSW Health Infrastructure on this successful project transaction.
“We’re delighted our experience in innovative project structuring has helped deliver a successful outcome for our client Healthscope,” Danne said. “This new hospital will bring the services, quality and efficiency of the private sector to important health services, and will give the Australian market further confidence in the possibilities offered by structured infrastructure. It will also give Healthscope a further strengthened platform of collocated assets and market-leading experience,” he added.
The G+T team was supported by Special Counsel James Pomeroy, Senior Construction Counsel Penny Swain, Lawyers Daniel Yim and Dylan Gardner and others.
The Banking + Infrastructure team is ranked top tier in Chambers Asia Pacific across multiple categories and Alexander Danne is listed as a Best Lawyer for Project Finance & Projects, and Construction & Infrastructure. He advises on complicated infrastructure projects including, recently, the Mt Piper Power Station Water Treatment Project and Kwinana Waste-to-Energy Project.