Primary Health Properties has bought the Townside Primary Care Centre and adjacent office building in Bury, Lancashire, for £40m.
The Townside property is a purpose-built primary care hub, let to NHS Property Services, and a pharmacy. The office accommodation is also fully let with 90% of the income secured against Bury Council.
The deal boosts PHP’s portfolio to 515 assets, of which 19 are in Ireland, with a contracted rent roll of over £138m.
Managing director 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 and to support the healthcare systems in these markets through the provision of modern, primary care infrastructure.”
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