Medical centre snapped up in £7m deal

The Parkside Medical Centre in Boston, Lincolnshire, has been sold in a deal worth almost £7m.

Primary Health Properties, the investor in primary healthcare facilities, has snapped up the centre for £6.8m.

The property is fully let to a substantial GP practice and a pharmacy.

This acquisition will increase PHP’s portfolio to a total of 520 assets, of which 20 are in Ireland, with a contracted rent roll of over £139m.

Harry Hyman, CEO of Primary Health Properties, said: “We are delighted to be making this acquisition of a modern, purpose-built facility in Boston. Originally constructed in 2009, the property was extended in 2013/14 in order to provide the range of medical services required by the local community, which has allowed the patient list to grow significantly.

“We have a strong pipeline of opportunities in the UK and Ireland and are well positioned to continue to grow our portfolio and to support the healthcare systems in these markets through the provision of modern, primary care infrastructure.”

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