Re Joint Venture

Primary Health Properties PLC
03 February 2003

                                  News Release




3rd February 2003




                         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 Aspley, Nottingham, for approximately £1.08 million
(net assets acquired £1.08 million) with an anticipated rent roll of some
£82,000 per annum.  The building will be let to a 4 GP Practice.




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]




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