The owner of a state-of-the-art medical centre in North Leeds has been acquired by listed healthcare investor, Primary Healthcare Properties PLC.
Oakwood Lane Medical Centre, which is occupied by the Oakwood Lane Medical Practice and pharmacy operator Kami Healthcare, was developed and owned by Chapeloak Investments Limited.
Chapeloak’s shareholders were advised throughout the sale by Dacres Commercial’s specialist healthcare team which has an unrivalled reputation in dealing with medical centre investment sales, as well as managing an extensive portfolio of specialist primary healthcare buildings and carrying out medical centre and pharmacy rent reviews and valuations throughout the UK. A team from law firm Schofield Sweeney provided legal advice.
Doctor Jason Broch, of Chapeloak, said: “We were hugely impressed by the commitment of the teams at Dacres and Schofield Sweeney to support us through the sale process.”
Head of Dacres Commercial, David Ogilvie, said: “There was significant interest from a number of institutional investors in this high quality medical centre investment, confirming the appetite for long term secure rental income backed by the Government.”
The head of Schofield Sweeney’s Healthcare team, Rob Hayes, said: “It was great to work with Dacres and Chapeloak to deliver this disposal of one of the most successful modern Health Centre developments in Leeds.”
Dacres Commercial operates from an office network that covers Leeds city centre, Ilkley, Skipton, Keighley, Harrogate and Otley. The firm is part of leading property group Dacre, Son & Hartley.