Investment company funds £8.4m medical centre construction in Eastbourne
A UK investor has provided development funding for an £8.4 million medical centre to be built in Eastbourne.
A subsidiary of healthcare real estate group Primary Health Properties PLC has invested the money and will own the property, which will be let to the GP practice for 25 years, once completed in Victoria Drive next to the new Sainsbury’s store.
The two GP practices which will be merged together are The Green Street Clinic and the Enys Road Surgery. The two surgeries currently operate from converted houses which medics say are “no longer suitable for delivering the best care for patients.”
According to a PHP spokesperson, the property will provide ‘modern facilities’ for two merged GP practices to deliver primary care services for a patient list of more than 18,000. The building, say officials, is set to be constructed to a high specification and expected to achieve a BREEAM ‘Excellent’ rating.
According to Breeam.com, their ratings are an “international scheme that provides independent third party certification of the assessment of the sustainability performance of individual buildings, communities and infrastructure projects.”
Managing director of PHP Harry Hyman said, “We are delighted to announce this transaction, which is one of several development projects the group is pursuing at present in the UK and in Ireland and can be funded with the proceeds of our recent successful £100 million placing. The transaction supports the delivery of high quality primary care in Eastbourne.”