Acquisition

RNS Number : 3191H

Primary Health Properties PLC

17 February 2010

 



News Release

17 February 2010

Primary Health Properties PLC

Primary Health Properties PLC ("PHP") announces that the Group has acquired two modern medical centres developed by the Abstract Group of Companies in Hornsea, East Yorkshire and Eaglescliffe near Stockton on Tees, County Durham for approximately £4.80 million (net assets acquired £4.80 million).  The buildings are let for occupation by GP Practices. The combined rent roll is approximately £320,000 and the weighted average unexpired lease length is 19.5 years

More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

Further details:

Harry Hyman                                                            Tim Walker-Arnott

Managing Director                                                    Director

Primary Health Properties PLC                                 Nexus Property Management Services Ltd

Mobile: [phone]                                             Tel: [phone]

                                                                                Mobile: [phone]

 

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