Primary Health Properties has bought a medical centre in Boston, Lincolnshire for £6.8m, taking its UK portfolio to 500 assets.
Parkside Medical Centre is fully let to a GP surgery and a pharmacy. The two leases have a weighted average unexpired lease term of 13.5 years.
The deal increases PHP’s portfolio to a total of 520 assets, of which 20 are in Ireland, with a contracted rent roll of more than £139m.
Chief executive Harry Hyman said: “We have a strong pipeline of opportunities in the UK and Ireland and are well positioned to continue to grow our portfolio.”
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