Freehold acquisition of Bristol Centre for enablement
Securing value at speed: delivering an off‑market NHS acquisition in under a month.
The challenge
North Bristol NHS Trust had a rare opportunity to secure the freehold of the Bristol Centre for Enablement using £6m of windfall capital . The challenge? The Trust only had one month to complete the entire acquisition before the funding expired.
The property wasn’t on the open market. A typical NHS transaction takes around three months. The Trust still needed to meet all NHS Estates Code compliance requirements. Archus had to approach the landlord off‑market, negotiate a fair purchase price without a prior valuation, and conduct legal and technical due diligence at an extreme pace, all while protecting the Trust’s financial and operational interests.
Our approach
Archus mobilised its Strategic Advisory and property specialists immediately, leveraging over 15 years of trusted partnership with the Trust.
Our team:
- Approached the landlord off‑market and negotiated a purchase price based on market intelligence.
- Conducted a full inspection of the premises.
- Secured the waiver of £430k in backdated rent owed by the Trust.
- Delivered a rapid-turnaround RICS Red Book Valuation to confirm Market Value.
- Managed solicitors and reviewed all legal due diligence to ensure full compliance with HBN 00‑08 Part B.
- Prepared a detailed Purchase Report capturing all due diligence and decision-making rationale.
- Oversaw the transaction end‑to‑end to ensure completion before the NHS year‑end deadline.
The impact
Archus mobilised its Strategic Advisory and property specialists immediately, leveraging over 15 years of trusted partnership with the Trust.
Our team:
- Approached the landlord off‑market and negotiated a purchase price based on market intelligence.
- Conducted a full inspection of the premises.
- Secured the waiver of £430k in backdated rent owed by the Trust.
- Delivered a rapid-turnaround RICS Red Book Valuation to confirm Market Value.
- Managed solicitors and reviewed all legal due diligence to ensure full compliance with HBN 00‑08 Part B.
- Prepared a detailed Purchase Report capturing all due diligence and decision-making rationale.
- Oversaw the transaction end‑to‑end to ensure completion before the NHS year‑end deadline.
