Subject to paragraphs (2) and (3) of this article, any trust property vested immediately before the material date in any of the relevant Special Authorities is on the material date transferred to the relevant NHS Trust.

Where, before the date of the making of this Order a relevant Special Authority and an NHS trust other than the relevant NHS Trust have identified by means of a Schedule of trust property (signed on behalf of both parties to the agreement) trust property which is to transfer to that other NHS trust, that property is transferred to that other NHS trust, instead of to the relevant NHS Trust.

The freehold interest in Bridge Wharf, Old Ford Road, London E2 (Land Registry No. EGL 164595) vested on trust in the Board of Governors of the Royal Brompton Heart and Lung Hospital is transferred on the material date to the North Thames Regional Health Authority together with the rights, obligations and liabilities of the said Board of Governors under the lease and management agreement with South London Family Housing Association both dated 18th June 1992 and relating to Bridge Wharf.