Seniors housing developers compete for Global Award

NEW YORK: The hundred and twenty-third entry for the seniors housing Global Award for 2015 has been received.

Work is set to start on one of the UK’s largest NHS specialist heart and lung hospitals in Cambridge after it was confirmed finances are now in place.

Papworth Hospital acquired seven acres (2.83 hectares) for its new base on the Cambridge Biomedical Campus near Addenbrooke’s Hospital in December. The hospital said its new base would “revolutionize cardiothoracic care”.

The project will cost £165m, partly paid through a 30-year Private Finance Initiative (PFI) deal, and partly through the public sector.

Global Over 50s Housing/Healthcare Awards.

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