Acquisition

RNS Number : 9283R

Primary Health Properties PLC

02 July 2015

 

2 July 2015

Primary Health Properties PLC

Acquisition

Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that it has contracted to acquire a purpose built health care property for a total consideration of £2.5 million (net assets acquired £2.5 million).

A wholly owned subsidiary of PHP has contracted to acquire a newly built property, being constructed within the Macclesfield General District Hospital campus redevelopment.  Upon completion the property will be fully let to East Cheshire NHS Trust for a 21 year term.  The construction work is expected to be completed by Q4 2015.

These acquisitions increase PHP's portfolio to a total of 272 assets with a total annual contracted rent roll of £62.8 million.

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

Further details:

Harry Hyman Managing Director Tel: [phone]	Phil Holland Finance Director Tel: [phone]
	Tim Walker-Arnott Nexus TradeCo Limited Tel: [phone]
Bell Pottinger David Rydell/Victoria Geoghegan/Elizabeth Snow Tel: [phone]	Broker Profile Joshua Cryer Tel: [phone]

 

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