A consortium of Jarvis Group and financier Rotch, is the preferred
bidder for a œ22 million project to provide a new medical
facility for University College London (UCL) under a Private
Finance Initiative-style contract.
The plan involves the refurbishment of the former Grade II listed
University College Hospital cruciform building in Gower Street,
designed by Alfred Waterhouse in 1895.
The building will be refurbished to provide 16,500m2 of laboratory,
teaching and research facilities and offices for the merged Royal
Free and University College Medical Schools.
The PFI project has had a chequered history, as the scheme was due
to be undertaken as a conventional project. The Higher Education
Funding Council was to fund the teaching fit-out, while the
Wellcome Trust was to fund the fabric refurbishment.
The advent of private finance in procurement led the HEFC to insist
that the project be tested as a PFI scheme. There was some doubt as
to whether the Wellcome Trust would still provide its share of the
finance, but a UCL spokeswoman said this was no longer a problem.
UCL hopes to have a deal signed by July and aims to be on site by
September. The spokeswoman said that the college was able to
progress the scheme quickly, because it had retained its original
scheme and consultants.
The refurbishment has been designed by HLM Architects. Its scheme
involves reconstructing the existing brick and terracotta fabric of
the building, repairing timber windows, gutters and pipework.