Royal Cornwall Hospitals NHS Trust is looking to partner with a private sector firm to deliver a programme of strategic estate services.
The trust is looking to partner with a private company to deliver estates rationalisation, capital programme planning and strategic service planning, and to raise finance and investment.
Royal Cornwall will enter a joint venture with the private firm to provide these services, according to OJEU documents.
The private partner will be responsible for the realisation of capital works, refurbishment, land acquisition and disposals, as well as facilities to support existing and new NHS facilities.
Projects may include a new administration hub for the trust and a nursery facility.
The joint venture partner will be expected to tender its supply chain for each new project, including any construction services that are required.
However, it will not be expected to deliver the design and construction of new works itself.
In total, the potential value of capital projects and refurbishments during the course of the partnership could hit £150m.
The JV with the successful private partner will be for an initial period of 10 years, with an option to extend for a further five.