Re Agreement

Primary Health Properties PLC
14 August 2002



                         Primary Health Properties PLC



Primary Health Properties PLC ("PHP") announces that its wholly owned subsidiary
Primary Health Investment Properties Limited has entered into a forward purchase
and funding agreement with Brackley Investments Limited to acquire a new medical
centre to be constructed in Picketts Lane and Marsh Lane, Yeovil, Somerset, for
approximately £0.9 million (net assets acquired £0.9 million) with an
anticipated rent roll of some £74,000 per annum.  The building will be let to a
4 GP Practice.  There will also be a provision for a pharmacy in the future.




Further details:


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






                      This information is provided by RNS
            The company news service from the London Stock Exchange