Acquisition

RNS Number : 6901A

Primary Health Properties PLC

24 February 2014

 



News Release

24 February 2014

Primary Health Properties PLC

Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that a wholly owned subsidiary has contracted with the Watkin Jones Group to forward fund the development of a modern, purpose built health centre in Chester city centre for a total consideration of £18.50 million. Jones Lang LaSalle acted for the vendor.

The scheme will provide integrated healthcare facilities and accommodate 4 GP practices.  It will be fully let on a single lease to the GP's for 25 years, benefitting from three yearly fixed rental uplifts.  The centre is under construction and is expected to reach completion by the end of 2014.

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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