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Health fund predicts 'heavy' demand for improved facilities

Primary care investment fund MedicX has said it expects ‘heavy’ demand for new healthcare facilities in 2011.

MedicX chief financial officer Mark Osmond told Construction News that the primary care estate needs considerable investment to bring it up to the standards required by the British Medical Association.

“There is still heavy demand for better primary care facilities,” he said. “According to BMA figures, 60 pc of GPs work in unsuitable premises – it is up to the industry to figure out how we satisfy that demand.”

The firm completed 3 primary care construction projects this year and has eight projects underway. Mr Osmond said the pace of investment showed no signs of slowing despite the government’s radical GP shake up.

The changes will see £80 billion being handed to GPs to start taking charge of commissioning services for patients.

MedicX chairman David Staples said: “There is no doubt that, whilst the NHS will see changes, demand will continue for modern purpose-built primary healthcare properties. 

“Infrastructure assets remain attractive investments and the Fund’s portfolio continues to be a good route for accessing secure long term cash flows.”

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