Primary Healthcare Property

An Online Professional Briefing

4-Part Online Professional Briefing

Menu

This course has now ended and the recordings are available to all registrants. If you would like to recieve access to this course on-demand, please email Tamara Cmiljic at tamarac@henrystewart.co.uk

 

Session 1: Understanding the Service Provider Models and Practice Issues

  • How has primary care changed in recent years
  • Can the partnership model survive?  Is the partnership agreement robust or flawed?
  • Retirement of GPs
  • Recruitment & succession planning
  • Impact of Primary Care Networks
  • Premises Directions – anticipated April 2021?

Session 2: Review of Premises

  • The primary care estate – what does it look like?
  • The constraints existing lease terms may impose and how to address them.  Owner and tenant rights and responsibilities.  Where does the capital cost fall?  What are the implications for rents?  Tax treatment of works – what is deductible and what is not
  • It the current estate fit for purpose – fit for the increasing role of technology and digital?  Fit for a post-COVID-19 world?
  • What has changed?
  • Confidentiality
  • Infection control – lessons from COVID-19
  • New build opportunities – balancing patient and staff experience through design and specification

Session 3: Development Opportunities and Site Values

  • Requirement for new premises
    • What size
    • How much does a new medical centre cost?
    • NHS approval process
  • Methods of ownership of premises
    • Lease or own – third party landlord; where partners own the freehold of the practice premises
    • What lease terms – implications of anticipated changes
    • Asset v. liability
  • Creating space for long-term value

Session 4: Capital Values, Rental Income, Yields and Growth; Investor Perspective

  • ‘Winners and losers’ – cities, towns and rural locations – what investors and institutions need to know
  • Investor appetite – deals recently done – returns – outlook and opportunities
  • Implications of the Government’s expansion of the money supply and the ultra-low Bank of England interest rate
  • How major investors react to shocks like COVID-19 and lessons from past events
  • Banking appetite to the primary care sector
  • Anticipating the future

4-Part Online Professional Briefing

An Online Professional Briefing