Yahoo Finance Mount Elizabeth Hospital to undergo $350 mil refurbishment
Artist's impression of the new main lobby at Mount Elizabeth Hospital (Picture: Parkway Life REIT)
SINGAPORE (EDGEPROP) - Mount Elizabeth Hospital, located in the Orchard Road area, will undergo a $350 million refurbishment that will see the private healthcare facility extensively retrofitted and upgraded. The project will be jointly conducted and funded by IHH Healthcare Singapore and Parkway Life Real Estate Investment Trust (PLife REIT).
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Dubbed “Project Renaissance”, the refurbishment will take three years and is targeted to transform the hospital into a “modern and integrated multiservice hub”. Upgrading works include a new drop-off point and lobby, equipment and technology upgrades, and infrastructure improvements to the facility’s mechanical, electrical and fire protection systems. The hospital’s emergency department and inpatient and outpatient treatment centres will also be expanded.
The works will take place in phases so that major clinical services can continue. To minimise disruptions, services may be temporarily relocated to other parts of the building or where necessary, decanted to Mount Elizabeth Hospital’s sister hospitals under IHH Healthcare Singapore. Noisy works will be limited to specific timings as well.
“As an extension of the $150 million Renewal Capex Works, PLife REIT will be synchronising the regular capital expenditure works at MEH (Mount Elizabeth Hospital),” says Yong Yean Chau, CEO of PLife REIT’s manager. “With the end-goal of maximising value and sustenance, we are delighted to secure additional investments from IHH Healthcare Singapore as we collectively roll out this transformational major refurbishment of MEH.”
Dr Prem Kumar Nair, CEO of IHH Healthcare Singapore, says: “Project Renaissance aims to ensure that we are well-placed to continue providing this level of care, with state-of-the-art facilities and expanded services once the renovations are completed.”
As part of the project, Mount Elizabeth Hospital will also attain the Building Construction Authority’s Green Mark Platinum rating.
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