Trust taps into healthcare demand

government rent payments bring security to specialist medical property investment trust

Two years into its existence the Medical Property Fund has built up a portfolio of 72 medical establishments. The Guernsey-domiciled closed-ended vehicle, which has a market cap of £250m, is one of two property funds run by Berrington Fund Management's Richard Burrell. Broadly speaking, it looks to develop and acquire fully let modern primary healthcare premises as well as existing GP owned surgeries that can be developed to create larger primary care facilities. These are leased back to doctors, who are less interested in owning their own premises, fund managers believe, because alter...