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Primary Health Properties has acquired the 2016-built West Derby Medical Centre for £4.6m.
The facility is leased to a GP practice with a patient list of more than 13,000 patients, along with a pharmacy.
London-registered PHP is one of the key players in the healthcare development and investment market, with a portfolio of around 500 UK properties, most of them GP surgeries, with other properties let to NHS organisations, pharmacies and dentists.
The PHP portfolio has a contracted rent roll of approximately £135.3m,average unexpired lease terms of more than 12 years and an occupancy rate of 99.5%.
Perhaps unsurprisingly in a year that has seen such focus on healthcare and wellbeing, the healthcare development sector has been busy throughout 2020.
Mon, 21st Dec 2020 10:57
(Alliance News) - Primary Health Properties PLC on Monday said it has acquired the West Derby Medical Centre for GBP4.6 million and contracted a developer to fund the development and purchase of a primary care centre in Enniscorthy, County Wexford, Ireland.
The primary health facilities investor stated the West Derby Medical Centre is leased to a GP practice with a patient list of over 13,000 patients and a pharmacy.
It added it has also contracted to provide development funding for the construction of the Enniscorthy Primary Care Centre for EUR12.6 million. Lease agreements have been entered into for a 15-year term with the Health Service Executive and a local GP practice. Further leases are expected to be agreed with Ireland s Child & Family Agency TUSLA and a pharmacy, before completion of the building in the first quarter of 2022.
21 December 2020 | 14:22pm
StockMarketWire.com - Primary Health Properties said it has acquired the West Derby Medical Centre for £4.6 million.
The property is leased to a substantial GP practice, with a patient list of over 13,000 patients and a pharmacy.
PHP has also contracted to provide development funding for the construction of the Enniscorthy Primary Care Centre in for a total cost of €12.6 million.
Agreements for lease have been entered into for an initial term of 25 years with the Health Service Executive and a local GP practice and further leases are anticipated to be agreed with Ireland s Child and Family Agency and a pharmacy, before completion of the building in 2022.
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