October 20 2004

Among the real benefits that the Medical Property Fund (MPF) is bringing to the primary care sector are the readily available funds for new and improved GPs’ premises, whilst at the same time enabling GPs to unlock the capital value tied up in their premises.

In addition to its readily available funding, MPF’s investment manager has established a team of professionals experienced in health planning, medical services and property development and management.

One of the new concepts that MPF can deliver is a modern and flexible sale and leaseback agreement.

This will allow GPs to unlock the capital value of their premises and at the same time benefit from the continued use and enhancement of the existing surgery now, rather than in retirement.

We have tailored this to the needs of modern general practice and in certain circumstances we will be prepared to consider shorter leases as a pre-cursor for future development.

We have endeavoured to make the process and documentation as simple as possible with off-the-shelf agreements and little re-writing of partnership agreements.

Once the Fund has acquired the building we will continue to work with the GPs on the design and development to ensure that the premises remain fit for purpose with the practice’s continuing needs as paramount.

We already have examples of GPs in existing premises that we are helping to find new sites and build the required premises.

If you would like to test us please contact 0845 458 0869 or email: info@mpif.net.

This story was also featured in Issue 1 of our Property Matters Newsletter. You may download a copy of this from the panel on the right hand side.