Ministry of Defence hospital sold for 140-home project
Weston Homes has purchased the Grade II listed Cambridge Military Hospital in Aldershot, Hampshire, from the Defence Infrastructure Organisation and Grainger.
The Defence Infrastructure Organisation, part of the MoD, is the landowner, while Grainger is the DIO’s development partner.
The 12-acre (4.9 hectare) site will be converted to deliver a £60m (gross development value) residential conversion project.
Weston Homes has purchased the Grade II listed Cambridge Military Hospital in Aldershot, Hampshire, from the Defence Infrastructure Organisation and Grainger.
The Defence Infrastructure Organisation, part of the MoD, is the landowner, while Grainger is the DIO’s development partner.
The 12-acre (4.9 hectare) site will be converted to deliver a £60m (gross development value) residential conversion project.
The Cambridge Military Hospital site will provide 140 new private sale homes, converted and new-build.
The purchase agreement includes 169,267 sq ft of refurbished, new-build and commercial buildings.
Cambridge Military Hospital was built between 1875 and 1879, based on design principles outlined by Florence Nightingale.
Bob Weston, chairman and chief executive of Weston Homes, said: “Weston Homes is pleased to be working alongside Grainger to reinvigorate the iconic Victorian and Edwardian military buildings of the Cambridge Military Hospital and transform them into a new residential address for Aldershot that local people will be proud to call home.”
Helen Gordon, chief executive of Grainger, commented: “Weston Homes has proven restoration and conversion skills which will be essential for ensuring the preservation of the period buildings. This partnership underlines Grainger’s commitment to the wider Wellesley development and reinforces our role as a leading partner for major residential regeneration projects.”
To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette
