Primary Health Properties acquires London medical centre for £4.6m
Source - SMW
Primary Health Properties said it had agreed to acquire a medical centre in Kew, London for £4.6m.
The acquisition, conducted via forward funding, would increase the company's portfolio to 484 assets, of which seven were currently under construction.
The 845 square metre property was due to be completed in October.
The main tenant will be the GPs of the North Road Surgery on a 25-year lease with three yearly reviews to market rent.
A social prescribing charity, CWC, was taking a five year lease of the remaining area.