HC Deb 16 April 1986 vol 95 c403W
Mr. Wheeler

asked the Secretary of State for Social Services to whom the Crown's interest in the St. George's hospital site has now been sold; and at what price.

Mr. Hayhoe

St. George's hospital, Hyde park corner, has been empty since 1980 and protracted negotiations have been taking place since then with the trustees of the Grosvenor estate which owns the remainder of the site. The DHSS had previously agreed in principle to sell the Crown's interest in the site to the trustees, but despite lengthy negotiations it did not prove possible to reach agreement on the terms of the proposed sale. The Government have now accepted an offer of £10.75 million from HPC Trustees Ltd, a wholly owned subsidiary of Arbuthnot Properties Ltd. The offer now accepted was substantially more advantageous, by some £2.75 million, than the trustees' final offer which was made on Maundy Thursday. An agreement was then reached with the new owners who will be making their own press announcement. The proceeds of the sale will pass to the South-West Thames regional health authority.

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