Acquisition

RNS Number : 5802M

Primary Health Properties PLC

19 September 2012

 



News Release

19 September 2012

Primary Health Properties PLC

Primary Health Properties PLC ("PHP"), one of the largest providers of modern primary healthcare facilities, announces a wholly owned subsidiary has contracted to fund the development of and acquire a new modern, purpose built medical centre to be constructed in Stourbridge, West Midlands.

The property will be wholly let to a 10 GP practice for a 25 year term and will cost PHP £8.5 million (net assets acquired £8.5 million).  The centre is expected to be completed in the second half of 2013.

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

Further details:

Harry Hyman Managing Director Primary Health Properties PLC Tel: [phone]	Phil Holland Nexus TradeCo Limited Tel: [phone]
	Tim Walker-Arnott Nexus TradeCo Limited Tel: [phone]

 

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