SFT Property Disposals Presentation to Capital Investment Network

SFT Property Disposals Presentation to Capital Investment Network Tuesday 4 th October 2016 Campbell Whyte www. scottishfuturestrust. org. uk

Introduction • SFT are working with NHS Boards to develop disposal strategies for their surplus property portfolios • My role has been leading a team at NHS GGC focus on accelerating the disposal process and maximising receipts • Has it worked? www. scottishfuturestrust. org. uk

NHS GGC Key Projects Facts & Figures No of Sites 34 No of Listed Buildings 20 No of Buildings 73 Total Acreage c 671 ac Community Land / Legacy c 240 ac Housing Numbers 3429 units Smallest Site 0. 1 ac Largest Site 250 ac www. scottishfuturestrust. org. uk

Key Challenges • NHS ‘hard to deal with’, negative perception, history of failed sales • Remember we are ‘selling’: - market wants oven ready sites – deal with constraints upfront • Apply expertise and experience, anticipate potential issues • Resources both internal and external www. scottishfuturestrust. org. uk

Example – Merchiston www. scottishfuturestrust. org. uk

Example – Victoria www. scottishfuturestrust. org. uk

Market Conditions Brexit Residential Demand Commercial Activity Limited Market Conditions Housing Development Blockers External Advice www. scottishfuturestrust. org. uk

Strategic Considerations Community Empowerment Housing agenda Mixed picture on planning (reform) Opportunities for collaboration between public sector partners • NHS/Local authority integration on service delivery • • www. scottishfuturestrust. org. uk

Key Opportunities Pre- disposal work Shared knowledge Consistency of approach Deal Structures Focus on advisor and developer performance • Resources-internal and external • • • www. scottishfuturestrust. org. uk

Summary • Why does it go ‘right’ and ‘wrong’ ? • Are we the magic solution ? • Can we help ? www. scottishfuturestrust. org. uk