Acquisition

RNS Number : 1106T

Primary Health Properties PLC

10 December 2012

 



10 December 2012

Primary Health Properties PLC

Primary Health Properties PLC ("PHP"), one of the largest providers of modern primary healthcare facilities, announces that a wholly owned subsidiary has entered into a contract to acquire a modern, purpose built medical centre in Bearwood, Poole for approximately £3.6 million (net assets acquired £3.6 million). 

The construction of the building is to be completed shortly and it will be fully let and income producing on leases to a GP surgery, a pharmacy, a Co-Operative store encompassing two other retail units with a weighted average unexpired lease term of 19 years.

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 Deputy Managing Director Nexus TradeCo Limited Tel: [phone]
	Tim Walker-Arnott Property Director Nexus TradeCo Limited Tel: [phone]

 

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