Funding / Real Estate
INVESTING Individual Investor Financial Adviser Institutional Investor FUNDING Entrepreneur Real Estate
Reading time: 2 mins

State-of-the-art healthcare facility serving 8,500 patients in Wales

22 Oct 2018 By Octopus Real Estate

From greenfield site to multi-function medical hub

Brynmawr Well Being Centre, Wales completed construction on 25 May 2018. The project comprised the construction of a 1587 sq.m. purpose built multi-functional Primary Care centre with 90 car parking spaces and has a capital value in excess of £5.7m.

The MedicX Fund continues to support development and investment in primary care medical centres across the UK and Ireland as part of the long term strategy to grow the portfolio under the guidance of Octopus Healthcare, the investment adviser to the fund. This strategy of forward funding supports the Local Health Boards to modernise the healthcare estate in Wales.

The development journey

Acting on behalf of MedicX Fund and working with GPI under a framework agreement the Octopus Healthcare team acquired the greenfield site from the local council in September 2016. Following several previous successful transactions with GPI, Octopus Healthcare and MedicX Fund were delighted to have the opportunity to work with GPI again.

Serving the community

The state-of-the-art facility was designed to integrate primary, community and social care services into a modern medical hub. The healthcare facility accommodates two General Practitioner (GP) practices who came together as a partnership forming Blaen–Y –Cwm Group Practice, a dentist, a pharmacy and the Aneurin Bevan University Health Board. These facilities have provided the 8,500 patients in the locality with a significant improvement to the patient experience across primary, social and community care.

As a result of the colocation with the Local Health Board, the Blaen–Y– Cwm Group Practice can now provide a variety of services to the local community. These are new services to the local community. Brynmawr Wellbeing Centre has a dedicated pharmacy on site to support the end to end delivery of medical services.

Not only does the centre offer primary care services but also a specialist dentist facility specifically designed for people who experience autism. The dentist suite uses modern technology to offer a spacious and safe environment for those who would find this type of appointment challenging. The healthcare centre is also directly opposite a local school which allows flexibility for children and their parents. This demonstrates the impact Octopus Healthcare has on the local community through investing in and developing outstanding primary care centres across the UK and Ireland.

“We are very proud to have worked collaboratively with GPI to create this state-of-the-art primary care centre. The local community previously had very limited access to healthcare, and so far, the feedback on the new facilities has been outstanding.”

Tim Meggitt, Primary Care Director, Octopus Healthcare

Related articles

PIC invests £200 million in the UK retirement villages joint ventures with Octopus Real Estate
12 Jul 2022

PIC invests £200 million in the UK retirement villages joint ventures with Octopus Real Estate

Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, today announces it is making a £200m equity investment to fund the development and operation of around 10 new retirement communities across the country. The Fund, Senior Living Investment Partners, is a joint venture between PIC and leading specialist real estate lender and investor, Octopus Real Estate
Our new partnership with Homes England, Greener Homes Alliance
21 Oct 2021

Our new partnership with Homes England, Greener Homes Alliance

Octopus Real Estate have partnered with Homes England, the Government’s housing delivery agency, to create the Greener Homes Alliance. The new Alliance commits £175 million, providing both loan finance and expert support to SME housebuilders, enabling them to build more high quality, energy efficient homes throughout England.
Ground-breaking Ceremony at Brendoncare St Giles View
1 Jul 2021

Ground-breaking Ceremony at Brendoncare St Giles View

Benjamin Davis & Michael Toft from the Octopus team recently attended the ground-breaking ceremony to mark the new care home construction of Bredoncare St Giles View in Winchester. It has been custom designed by our healthcare development team for The Brendoncare Foundation who will lease and operate the new home.