Healthcare investor buys Liverpool site

West Derby Medical Centre, Liverpool
X The Business Desk

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Specialist investor Primary Health Properties (PHP) has bought a Liverpool medical centre as it expands its presence in the healthcare sector in the UK and Ireland.

It has paid £4.6m for the West Derby Medical Centre, which was built in 2016 and is now home to a GP practice and pharmacy.

PHP has agreed a separate €12.6m (£11.6m) deal to provide development funding for a primary care centre in Co Wexford, Ireland.

PHP is a significant investor in primary healthcare facilities and these two transactions will increase its portfolio to 513 assets, with a contracted rent roll of £135m.

It said the Wexford site was “one of a number of development projects the group is pursuing at present”.

Harry Hyman, managing director of Primary Health Properties, said: “Both properties will support our strategy of investing in the health of our communities by providing modern facilities to deliver a wide-range of primary care services.

“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.”