Background and Opportunity
- Aggregation of a diverse portfolio of medical facilities across the UK with long term leases backed by the NHS
- Business plan involves the granular acquisition of single assets and small portfolios on and off market, as well as through local auctions and sale-leasebacks
- Limited competition for small assets creates an opportunity to aggregate a portfolio of scale at a discount
Transaction Progress
- The portfolio includes 30 assets acquired in multiple transactions
- Over 90 general practitioners operate across the portfolio providing mission crucial health services to over 230,000 patients
- Active tenant engagement and lease management to improve facilities and extend lease terms
Current Status
- Acquisition programme in line with business plan, rental uplifts, lease extensions and regears achieved
