So what is to happen to the property owned by PCTs? In 2008 an evaluation estimated that PCTs own as much as £36bn worth of property. That's community hospitals, clinics, walk-in centres and some GP surgeries, to you and me. But to s property developer they are a portfolio, and an opportunity to make profits. And to Lansley, PCT properties represent a quick source of cash equivalent to 180% of the
Wouldn't you think that £36bn of property would be important enough to be addressed in the NHS White Paper? No, apparently not. There is not a mention, which means that Lansley plans something that we will not like.
Public Property UK list the options:
- Local authorities could manage them. This is unlikely, because local authorities may not have the relevant experience.
- The government could form regional organisations to hold the properties.
- The government could look for investment partners. This would offer opportunities for sale and leasebacks.