The Department of Health followed a full and transparent recruitment process on behalf of IMHS Property Services Limited (NHS PS) to appoint the non-executive directors (NEDs). The process included an executive search and advertisement. An advertisement was placed in the following online publications: The Times; The Financial Times; Executive Appointments; and Harvey Nash Journal. The process began during November 2012 with a three week closing date. In total 115 responses were received and assessed. Of these: 39 applications were considered strong; 31 applications were worth further consideration; 24 applications were considered borderline; and 21 applications did not meet the criteria. 10 candidates were shortlisted for final consideration, all of which include the current NEDs. Since the establishment of NHS PS on 1 April 2013, the company has disposed of 16 freehold properties, generating £13.1 million of receipts for the public purse. These are listed in the following table. Property to be disposed of is first listed on the Electronic Property Information Mapping Service (ePIMS) website, which allows other public sector bodies to purchase it. Properties are listed on this website for 40 working days and if no other public sector organisation expresses an interest then they will be marketed; NHS PS's assets are sold through an arm's length open market process, where there are a multitude of bidders the market will set the value. Where the local market is not strong and there has been limited interest in the property the sale price is supported by district valuer, or other third party independent valuations. However, in most instances the property will have been valued at some point prior to or during the sales process by the district valuer or other third party independent valuers to assist in the marketing strategy. All disposals are handled in line with NHS Estatecode and Cabinet Office and Treasury guidelines. The responsible officer for all disposals is NHS PS's Director of Asset Management. All transactions are approved by two authorised officers under the company's corporate governance rules. We are unable to disclose the identity of purchasers to because this information is commercially sensitive. The table lists the property and date it was sold, the amount it was sold for and the market value. Assetname andaddress Dateofcompletion Contractedsale price (£million) Marketvalue (£million) TheLink Health Centre, Farrer Street,Stockton-on-Tees 4April2013 0.085 0.085 PooleHouse, Stokesley Road,Nunthorpe 1May2013 2.715 2.715 StJames' Hospital, Development Land, Riverhead Close,Southsea 7May2013 0.765 0.800 TheElms Health Centre, High Street, PottersBar 13May2013 0.465 0.465 WindmillHouse, Everett Close, BushyHeath 22May2013 5.100 5.000and5.200 RedclyffeHouse, 63 The Avenue,Gosport 30May2013 0.477 0.477 3Auckland Road,Scunthorpe 7June2013 0.085 0.085 72Laburnum Avenue,Wallsend 14June2013 0.090 0.090 DevizesClinic, New Park Street,Devises 27June2013 0.395 0.395 UptonClinic, Weston Grove,Upton 8August2013 0.170 0.170 StJohns Surgery, Manor Farm Road,Huyton 14August2013 0.060 0.060 BalsallCommon Clinic, 148 Station Rd, Balsall Common,Coventry 16August2013 0.230 0.185 BlaconHealth Clinic, Church Way,Blacon 28August2013 0.255 0.255and0.185 AlcesterHospital, Priory Road,.Alcester 30August2013 1.400 1.125 17Castle Street,Worcester 6September2013 0.283 0.283and0.162 HealthClinic, Market Square, BishopsStortfort 16September2013 0.590 0.475 Note: Theseproperties were based on a market valuerange The sale of these properties made a total profit of £495,500, above estimated market value. The identity of purchasers cannot be released to protect their confidentiality. The £3 billion estimate for the value of the property portfolio was arrived at by aggregating the valuations in the accounts of the primary care trusts and other bodies from which they were transferred. In the main, the assets were in operational use, and where this is the case properties will have been valued on an “existing use” basis by professional valuers. This is in accordance with Treasury guidance for accounting for public sector assets. Where properties are known to have been surplus, they would have been held at open market value, reflecting the fact that there is no existing health service use for them.