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Ecovert FM Signs Broomfield Hospital PFI

Ecovert FM, in partnership with its sister company Bouygues UK and partner HSBC (HIFML), is delighted to announce that it has reached financial close on the Broomfield Hospital PFI scheme for Mid-Essex NHS Hospital Services Trust.

From June 2010, a 30-strong Ecovert FM team will provide helpdesk, estates maintenance and lifecycle fund to the new-build elements over a 32 year concession.

The 43,000m2 new-build acute hospital includes more than 330 beds, five day-case operating theatres and three endoscopy rooms, A&E department, maternity department with two new operating theatres, neonatal intensive care unit, and a rooftop helipad. 40,000m2 of the existing hospital will remain in use.

The new building, which has a construction cost of £148 million, will be completed and fully operational by August 2010. Landscaping, road improvements and other work outside the building will be completed in 2011.

Construction work will begin immediately with Ecovert FM advising on FM-led design.

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About Ecovert FM www.ecovertfm.co.uk
Ecovert FM is a subsidiary of Bouygues, a world leader in construction, services, telecoms and media. Ecovert FM provides total facilities management services - from building maintenance, project work and management to Soft FM services including catering, cleaning and security - through direct service delivery from a team of 1500 staff.  Ecovert FM works in critical environments in the public sector: education, health, courts and central government, counting among its key clients the Home Office and the Cabinet Office. Ecovert FM has formed a successful partnership for PPP/PFI projects with sister construction company, Bouygues UK.

The private sector is equally important to Ecovert FM where it operates in demanding industries including property, pharmaceuticals and banking. Ecovert FM is present in Cyprus and the Middle East. and is headquartered in London SE1.

For more information, please contact joanne.matcham@ecovertfm.co.uk

About Bouygues UK
Bouygues UK is a benchmark contractor active in a variety of market sectors, with a particular focus on education, healthcare and housing. With a growing track record in PFI, PPP and framework contracts, Bouygues UK offers its clients a fully integrated design, build & facilities management services.
 
Major recent references include: Central Middlesex Hospital (BECaD), the new Home Office headquarters, New Palace Place (144 flats and retail), Jo Richardson Community School (Barking), and Voyager School in Peterborough.
 
Construction works currently under way include five schools in Lewisham, three schools in Waltham Forest and North Middlesex Hospital. Bouygues UK is also  preferred bidder for the Westminster BSF scheme (the £152 million scheme to rebuild and/or refurbish nine schools), and the Brent HRA housing and social care PFI.

About HSBC Infrastructure Fund Management Limited
HSBC Infrastructure Fund Management Limited (HIFML) is authorised and regulated by the Financial Services Authority. HIFML is acting in its capacity as general partner for and on behalf of each of the limited partnerships constituting HSBC Infrastructure Fund II. HIFML’s parent company, HSBC Specialist Investments Limited (HSIL) is a wholly owned subsidiary of HSBC Holdings plc and is the dedicated property and infrastructure investment arm of HSBC. HSIL and its subsidiaries design and manage specialist investment funds which invest capital provided by a wide range of investors, including pension funds, insurance companies, fund of funds, asset managers and high net worth individuals in the UK and globally. It focuses on market segments with attractive risk/reward profiles and currently manages in excess of £7 billion of specialist assets in infrastructure, commercial and residential property via eight institutional funds.

HSBC Holdings plc serves over 125 million customers worldwide through around 10,000 offices in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.