Healthy Business for Banks Long & Co
Multi-discipline commercial property practice Banks Long & Co are reporting strong performance within the medical property investment sector.
Over recent months the firm has transacted in excess of £25m worth of medical investments as well as dealing with rent reviews on GP surgeries across the UK, a number in and around London and as far north as Edinburgh.
Tim Bradford, partner of the Lincoln firm commented:
“Banks Long & Co are now recognised as a specialist advisor within the medical investment market. We have dealt with new developments, sold and acquired GP surgery investment property and have and continue to undertake rent reviews within this government backed asset class.”
Banks Long & Co report that they hope to complete the sale and acquisition of a further £10.5m worth of medical investments currently under offer before Christmas and are considering a number of new opportunities.
Tim Bradford concluded:
“Our clients are keen to continue investing in this sector and are now regarded as one of the most reliable buyers in the market. In an uncertain economic environment, investors welcome the opportunity of buying into an investment backed by the government, providing long term leases and with proven rental growth. Unlike other property investments this sector also offers an ethical asset class as investors are supporting the primary care needs of the patients listed at each surgery.”
