UK healthcare property investor Primary Health Properties has acquired the Chiswick Medical Centre in London for a total of £34.5 mln (€41 mln).
The property is fully let to HCA International with an unexpired term of just under 20 years and benefits from five yearly annually compounded RPI led rent reviews.
This acquisition will increase PHP's portfolio to a total of 524 assets, of which 20 are in Ireland, with a contracted rent roll of just under £143 mln.
Harry Hyman, CEO of Primary Health Properties, commented: 'We are delighted to have acquired this state-of-the-art diagnostic centre in London, let to an excellent covenant which provides a wide range of services which alongside the NHS is assisting with tackling the significant backlog of referrals following Covid-19.
'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.'
