Primary Health Properties has continued to bolster its portfolio with several new acquisitions as the company anticipates the effect of newly implemented NHS reforms.
In a stockmarket update for the period since the start of the year, the company said it had secured a further £6.3m of acquisitions, with another £82m of deals in solicitors’ hands.
These include a £4.5m facility in St Johns, Worcester, and a £1.8m building in Chard, Somerset.
The announcement follows the implementation of the Health and Social Care Act 2012, which took effect from 1 April this year.
Responsibility for rent reimbursement for GP surgeries now falls to the National Commissioning Board, with PCT lease liabilities transferred to NHS Property Services.
PHP said it hoped that with these changes “finally implemented”, the NHS would push on with the modernisation of the primary care estate, which the company is well placed to capitalise on.
Other highlights during the period in included a successful £50m refinance of debt, provided by Aviva, which it assumed following the December acquisition of a 14-strong portfolio from Apollo Medical Partners.
jack.sidders@estatesgazette.com
