Acquisition of Barnet and Chase Farm, Purchase of Chase Farm Land by Royal Free Charity and Chase Farm Re-Development

Rose Smith made this Freedom of Information request to Royal Free London NHS Foundation Trust

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The request was successful.

Dear Royal Free London NHS Foundation Trust,

Please supply details of the following:

1. Commercial agreement and terms in respect of the acquisition of Barnet and Chase Farms Hospitals.
2. Information held in terms of the land at Chase Farm Hospital being sold to the Royal Free Charity in March 2017 for £50 million. I understand residential property will be developed. Please confirm if all land will be used for key workers and if any of this was sold to commercial property developers and if so the commercial terms of this. If there are plans to use this land to develop property for non-keyworkers, please detail the planned split between keyworker and non-keyworker housing and detail the expected commercial value of any non-keyworker proposed housing.
3. Where it is possible to access information in respect of the Chase Farm Hospital Re-development, including financial, funding and tendering information.

Yours faithfully,

Rose Smith

FOI, rf (ROYAL FREE LONDON NHS FOUNDATION TRUST), Royal Free London NHS Foundation Trust

Dear Ms Smith

Thank you for your request under the Freedom of Information Act. The reference for this request is noted in the subject header above.

You will receive a response from us within 20 working days of receipt or an explanation as to why this is not possible.

Yours sincerely,

Freedom of Information Team
Royal Free London NHS Foundation Trust

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FOI, rf (ROYAL FREE LONDON NHS FOUNDATION TRUST), Royal Free London NHS Foundation Trust

Dear Ms Smith
 
Further to your request for information please see the response below. 
This response covers the hospitals and services managed by the Royal Free
London NHS Foundation Trust, namely the Royal Free Hospital, Barnet
Hospital and Chase Farm Hospital and associated group services. 
 
1. Commercial agreement and terms in respect of the acquisition of Barnet
and Chase Farms Hospitals.
 
There is no ‘commercial agreement’, rather  a series of documents which
supported and governed the acquisition. The Royal Free London NHS
Foundation Trust submitted a strategic outline case and full business case
proposing the acquisition of Barnet and Chase to the Trust Development
Authority in 2012/13, which were subsequently approved.  There was then a
transaction agreement between Barnet and Chase Farm Hospitals, the Royal
Free London NHS Foundation Trust, the NHS Trust Development Authority, NHS
England and  six clinical commissioning groups. This was the legally
binding agreement between the vendor (Trust Development Authority),
acquirer (Royal Free London), commissioners and Barnet and Chase Farm
Hospitals  required for the transfer to proceed.  Finally there was a
statutory instrument effecting the transfer of staff, property and
liabiliites from the  Barnet and Chase Farm Hospitals NHS Trust to the
Royal Free London NHS Foundation Trust.  Under the terms of the
transaction agrement the Royal Free London received a package of financial
support comprising:
 
•       Transaction costs (revenue)
•       Integration costs (revenue)
•       Transformation costs
•       Integration capital (public dividend capital)
•       RFL capital (public dividend capital)
•       BCF capital (public dividend capital)
•       Chase Farm rebuild capital (public dividend capital)
•       Historic balance sheet debt (public dividend capital)
 
The total value of the financial support package was circa £260m over six
financial years from 2014/15 to 2019/20.
 
2. Information held in terms of the land at Chase Farm Hospital being sold
to the Royal Free Charity in March 2017 for £50 million.  I understand
residential property will be developed. Please confirm if all land will be
used for key workers and if any of this was sold to commercial property
developers and if so the commercial terms of this.  If there are plans to
use this land to develop property for non-keyworkers, please detail the
planned split between keyworker and non-keyworker housing and detail the
expected commercial value of any non-keyworker proposed housing.
 
The trust sold land known as Parcel B at Chase Farm Hospital to the Royal
Free Charity in March 2017.  The land has outline planning permission for
residential development (337 units), of which 10% would be allocated to
affordable key worker housing. Parcel B has since been purchased by the
Education and Skills Funding Agency who propose to build a school on part
of this land.  All planning documents are available on line via the London
Borough of Enfield Planning Portal at - 
[1]https://new.enfield.gov.uk/services/plan....
 
3. Where it is possible to access information in respect of the Chase Farm
Hospital Re-development, including financial, funding and tendering
information.
 
There is detailed information on our website at
[2]https://www.royalfree.nhs.uk/chase-farm-...
The main construction contract was procured via the government Procure 21
framework which is in compliance with OJEU requirements. 
 
Open Government License
The trust allows you to reuse this information under the Open Government
License found at the following link. 
 
Your appeal rights
 
We hope that you will be satisfied with our response to your request, if
not you may ask us to review our decision in which case you should write
to Ms Emma Kearney, director of corporate affairs and communications,
Royal Free London NHS Foundation Trust, Pond Street, London  NW3 2QG,
explaining what you would like us to review and including your reference
number.  If you are not satisfied with the internal review, you can appeal
to the Information Commissioner.  The contact details are: Information
Commissioner's Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9
5AF, telephone 01625 545 700 or see [3]www.ico.org.uk
 
Yours sincerely
 
 
 
Alison Macdonald
Board Secretary
 

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