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Simons group

SHAREHOLDING DEAL STRENGTHENS TIES FOR SIMONS GROUP WITH GROUPE IDEC

The Paris-based global real estate operator, Groupe IDEC, has bought a minority stake in Simons Group Ltd, it was announced today. The agreement reinforces the trading relationship between the two businesses and comes several months after they signed a Memorandum of Understanding, based on a “shared vision” of being able

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BDC 319 : Aug 2024

Simons group

SHAREHOLDING DEAL STRENGTHENS TIES FOR SIMONS GROUP WITH GROUPE IDEC

The Paris-based global real estate operator, Groupe IDEC, has bought a minority stake in Simons Group Ltd, it was announced today. The agreement reinforces the trading relationship between the two businesses and comes several months after they signed a Memorandum of Understanding, based on a “shared vision” of being able to reach customers in the UK and internationally with their combined strengths and capabilities. Signing the deal in Paris with Simons’ Chairman Paul Hodgkinson and Deputy Chairman, Philip Hodgkinson, Groupe IDEC said the move underlined its commitment to international expansion, with the partnership enabling both Groups to capitalize on their respective strengths and expertise to target new business opportunities. Simons Group Chairman Paul Hodgkinson said the move was a reflection of the growing and important relationship with Groupe IDEC. “We are delighted to welcome this dynamic European business as a Simons shareholder,” he said. “We are looking forward to increasing our opportunities and workload through working together on projects and expanding our reach into the international markets.” Established in 2000, Groupe IDEC builds three / five million square feet of real estate each year for international corporate and commercial customers, two thirds of whom are in the logistics sector. Tom Robinson, Simons’ Chief Executive, said: “European and international coverage as well as combined resources, shared best practice and solutions can only be of benefit to customers and strengthen our commercial proposition. It’s an exciting step for both businesses.” For further information, contact Lisa Evans, Head of Communications and Marketing, email: lisa_evans@simonsgroup.com, t: 07789 942721

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PROGRESS ON NEW HOSPITAL BUILD IS CELEBRATED AT ‘TOPPING OUT’ EVENT

More than 100 guests donned their hard hats and gathered on site at the new £33.5m Circle Birmingham Hospital in Edgbaston for a ceremony to mark the project’s progress. Guests of honour attending the event at the former Pebble Mill site included the Lord Mayor of Birmingham, Councillor Yvonne Mosquito and Councillor Dierdre Alden.  The ceremony included the unveiling of a plaque to mark the ‘topping out’ stage of the build. The hospital, which is being built by Simons Group, will be complete in Summer 2019 and will be the second largest private hospital in the UK. It will be an addition to Circle Health’s other hospitals in Bath, Nottingham and Reading. Guests including surgeons and other health professionals, along with all site workers who were invited to down tools especially for the event, watched the ceremonial unveiling.

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SIMONS GROUP TAKES ON PHASE 2 OF SECOND LARGEST PRIVATE HOSPITAL IN UK

Simons Group has been awarded the contract for building the second phase of the new Circle Health private hospital in Birmingham’s medical quarter in Edgbaston. The Lincoln-based contractor is currently on site at the former BBC Pebble Mill studio location, working on phase 1 of the build. This new award brings the total contract to £33.5m and, when complete, will be the second largest private hospital in the UK. The hospital is based on an expandable model which can be adapted and expanded to meet clinical demand now and in the future. Phase 1, which includes three operating theatres (expandable to six), an endoscopy procedure room, and 18 in-patient bedrooms, is due to complete in March 2019. Work is already underway on Phase 2, a dedicated rehabilitation centre, which is expected to be complete in July next year. “We are delighted that our relationship with Medical Properties Trust and Circle Health is going from strength to strength,” said Simons Chief Executive Tom Robinson. “Being awarded with the next stage in this fantastic project is testament to the progress and quality of the work already undertaken on Phase 1. The hospital is going to be a great addition to Birmingham’s renowned Medical Quarter and a project of which we will all be exceptionally proud.” Paolo Pieri, CEO of Circle Health, said: “This rehabilitation facility is a game-changer in UK healthcare, bringing the latest technology and the proven European methodology for accelerating the care of neurological patients, and also for those who have undergone surgery on bones and joints. “When Circle Birmingham Hospital opens next year, it will deliver a truly state-of-the-art experience, combining leading doctors with the most advanced equipment, and rapidly become the must-go location for planned surgery. No one will be in any doubt that Birmingham is a global centre of excellence for healthcare.”

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