Property development funding and acquisition

RNS Number : 0454L

Primary Health Properties PLC

23 April 2015

 



23 April 2015

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 to fund the development of and acquire a new modern, purpose built medical centre to be constructed in East Anglia.  The total consideration will be £6.7 million (net assets acquired £6.7 million).

The centre will be let to a GP partnership and a pharmacy operator on 25 year lease terms and is expected to be completed by Q2 2016.

PHP's portfolio now totals 269 properties with an aggregate value of £1.06 billion and a total rent roll of £62.1 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]

 

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