Purchase of Property

Primary Health Properties PLC
18 February 2004



18th February 2004


                         Primary Health Properties PLC

Primary Health Properties PLC ("PHP") announces that its wholly owned subsidiary
Primary Health Investment Properties Limited has purchased a recently completed
purpose built medical centre in Naoroji Street, London WC1 for approximately
£4.4 million (net assets acquired £4.4 million) with a rent roll of some
£280,000 per annum.  The medical centre forms part of a larger development
incorporating commercial accommodation, luxury residential flats and a school,
developed by Thornsett Homes Limited.   Primary Health Investment Properties
Limited has also entered into an option to purchase the freehold of the property
for around £175,000 once certain conditions have been met.  Approximately
£11,000 p.a. of ground rent will then be payable to Primary Health Investment
Properties Limited.







Further details:

Harry Hyman                         Adam Dalgliesh
Managing Director                   Property Director
Primary Health Properties PLC       Primary Health Properties PLC
Tel: [phone]                   Tel: [phone]
Mobile: [phone]                Mobile: [phone]




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