Bolt Partners Appointed to Manage £300m Primary Care Property Portfolio for BlackRock UK Property Fund (BUKPF)
Tuesday, January 10, 2012 at 4:57AM January 2012
Bolt Partners LLP, a leading strategic and financial advisor in the healthcare sector, has been appointed by BUKPF to manage a portfolio of more than 150 GP surgeries across England, Wales and Scotland. The five year contract, operational from 1 December 2011, sees Bolt managing a portfolio of primary care property worth more than £300m.
Jonathan Knight, Partner at Bolt Partners commented:
“We’re delighted to be managing the BUKPF portfolio for GPs, other healthcare tenants, their patients and BUKPF’s investors. There are major changes affecting the delivery of healthcare and these have a significant impact on property management. Given market conditions and the increasing pressure on budgets, efficient management of assets is obviously important, but our strategy is equally focused on the opportunities that these changes bring. Effective utilisation of primary care property can make a real difference, not just to owners and investors, but also to those GPs and their patients, who will benefit from more local provision of high quality care.”
Marcus Sperber, Portfolio Manager for BlackRock UK Property Fund commented:
“We are delighted to have brought Bolt Partners on board to manage our GP surgery portfolio. Their experience and expertise in this area will ensure that we continue to maximise returns for our investors, as well as playing an active role in the provision of top class primary healthcare facilities for the general public.”
Media coverage: Health Investor (16/1/12); The Times (14/1/12); Estates Gazette (13/1/12); IP real estate (13/1/12); Financial News (16/1/12); Property EU (17/1/12)