Project
Through a close working relationship with specialist Medical Investment Fund Managers, Oakdeane Investments, Banks Long & Co were instructed to identify a medical investment ideally in the south of England.
Oakdeane and Banks Long had already represented the client on a number of occasions, and the brief was specifically targeted at securing a Primary Care Investment with a lot size of up to £2m.
Approach
Through a close working relationship with specialist Medical Investment Fund Managers, Oakdeane Investments, Banks Long & Co were instructed to identify a medical investment ideally in the south of England.
Oakdeane and Banks Long had already represented the client on a number of occasions, and the brief was specifically targeted at securing a Primary Care Investment with a lot size of up to £2m.
Thanks to Banks Long & Co’s extensive contacts within the Primary Care Property Market, the opportunity to acquire Downing Street Group Practice in Farnham was introduced before formal marketing commenced. This allowed early engagement with the seller’s agents, who were keen to engage with Banks Long & Co, despite the property already being openly marketed.
This opportunity provided the client with a well established GP surgery in the centre of the affluent town of Farnham, held on a Full Repairing and Insuring lease over the full three floors of the period building, which provides additional redevelopment potential.
Results
Due to the reputation of Banks Long & Co in the market - and the knowledge and experience of handling a large number of other Primary Care investment sales and purchases - the firm was able to provide the client with well-researched advice on pricing.
After securing the investment in a competitive bidding situation, the acquisition of the attractive surgery premises was completed within the timeframes agreed. This reinforced the decision of the seller to move forward, commenting that, in addition to price, the reputation of Banks Long & Co’s unrivalled level of knowledge and expertise in completing transactions of this nature went a long way in them closing this deal.
