Blackrock UK Property Fund (BUKPF) has appointed Bolt Partners, a strategic and financial adviser in the healthcare sector, to manage a portfolio of more than 150 general practitioner surgeries across England, Wales and Scotland.
Blackrock UK Property Fund (BUKPF) has appointed Bolt Partners, a strategic and financial adviser in the healthcare sector, to manage a portfolio of more than 150 general practitioner surgeries across England, Wales and Scotland.
The five-year contract sees Bolt managing a portfolio of primary care property worth more than £300 mln (EUR 363 mln).
'There are major changes affecting the delivery of healthcare and these have a significant impact on property management,' said Jonathan Knight of Bolt Partners. These include the UK coalition government's strategy of developing healthcare provision closer to patients' homes in community facilities, as well as moving towards GP-led commissioning.
'Efficient management of assets is obviously important, but our strategy is equally focused on the opportunities that these changes bring,' added Knight.
Bolt Partners will work with Workman, who will be responsible for day-to-day management of the properties, including rent administration and property management.
BUKPF is an open-ended unit trust domiciled in Jersey with a commercial property portfolio of £2.1 bn.
