Exemplar Health consortium chosen for Victoria's Melton Hospital project [Yahoo! Finance]
LENDLEASE CORP LTD S/ADR (LLESY)
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Source: Yahoo! Finance
The chosen consortium comprises Invesis as an investor, Lendlease to handle the design and construction, and Honeywell and Compass Group Healthcare to provide facilities services, as well as Capella Capital as an investor, sponsor, and asset manager, After entering into exclusive contract negotiations with the government, the consortium will finalise the details and achieve financial closure for the project, which is expected to take place in the fourth quarter of this year. As per the Victorian Health Building Authority's (VHBA) media release, the more than A$900m ($603m) hospital project is being undertaken as part of a public private partnership. The project involves assembling a private consortium to plan, build, fund, and upkeep the new facility for more than 25 years. Situated within the future Cobblebank Metropolitan Activity Centre, the hospital will be located at 245-267 Ferris Road, Cobblebank, Melbourne. Preparatory work on the Cobblebank site for major construct
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