Acquisition

RNS Number : 8864R

Primary Health Properties PLC

15 December 2016

 

15 December 2016

Primary Health Properties PLC

Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that it has acquired a standing let investment property situated in Macclesfield.  The net consideration for the property will be £10.1 million (net assets acquired £10.1 million).

A wholly owned subsidiary of PHP has acquired New Alderley House, Macclesfield, a property comprising of 3,200m² wholly let to East Cheshire NHS Trust and NHS Property Services for a remaining term of 16 years.  New Alderley House adjoins the Macclesfield District General Hospital campus and provides accommodation for a range of primary care services and NHS administration operations. 

This acquisition increases PHP's portfolio to a total of 295 assets, including one property in the Republic of Ireland, with a gross value of £1.2 billion.

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]
David Austin Nexus TradeCo Limited Tel: [phone]
David Rydell / Elizabeth Snow Eve Kirmatzis Bell Pottinger T [phone]

 

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