Private capital injects new life into health project

A Birmingham businessman with 50 years of commercial links with Handsworth is continuing to invest further in the area. 

Satish Thukral, chief executive of Bluecross Healthcare, is to build a 17,500 sq ft extension to the new Soho Road Primary Care Health Centre, in a deal funded by Royal Bank of Scotland.

Two years ago, Dr Thukral built a 40,000 sq ft health centre, providing state-of-the-art facilities, including a pharmacy, and doubling the number of doctors on site.

The facilities have been so successful that the Heart of Birmingham Teaching Primary Care Trust, which occupies the premises, asked Dr Thukral to build an extension.

 

An artist's impression of the new Soho Road Health Centre

An artist's impression of the new Soho Road Health Centre

 

 

Construction firm Morgan Ashurst has been appointed and completion of the building is scheduled for March 2010.

The project is being monitored by Faithful & Gould, with Price Pearson advising on project finance.

The Birmingham office of law firm Mills & Reeve LLP advised Dr Thukral on the funding arrangements, construction contracts and leasing.

Construction partner Stuart Pemble said: “This is a rare example of a local private individual taking the lead on a public sector project. The Trust is getting an improved facility, which it could not have funded itself, and the people of Handsworth will enjoy better access to healthcare.”

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