Taunton

Specialist business property adviser, Christie & Co, has announced the freehold investment sale of eight dental practice properties located across the UK.

The eight properties – situated in Southampton, Worcester, Taunton, Malvern, Cheltenham, Egremont, Hexham and Sandown – are occupied by a number of leading corporate dental operators.

Following a sales process with Jonathan Watson at Christie & Co, the freeholds have been acquired by an independent property owner. The tenants remain in situ.

Jonathan Watson, Director for Investments at Christie & Co, comments on the market, “These eight properties attracted multiple bids from both within dentistry and the wider investment market, culminating in competitive yields being achieved.

“Operational real estate in healthcare remains in high demand amongst a wide range of investors. We are working with purchasers actively looking to diversify their portfolios away from ‘traditional’ property asset classes, and benefit from the covenant strength and relatively low levels of impairment in healthcare. Recently, we have witnessed a significant appetite for dental property assets in particular, due to the growing recognition of the security of the sector, with more than 30 such opportunities brought to the market in the last 12 months by Christie & Co. As the cost of borrowing stabilises, we anticipate investors paying stronger yields for real estate assets in the healthcare sector, which should make for a buoyant investment market in 2026 and beyond.”

The freehold investments were sold for an undisclosed price.

 

Our publications

Discover our range of publications and stay updated on UK dentistry.

Learn more about our magazines
  • The Probe September 2024
  • Smile cover May/June 2024
  • British Dental Nurses Journal Magazine Cover