Acquisition

Primary Health Properties PLC
5 February 2001

                                 News Release

5th February 2001


                        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 Bicester, Oxfordshire, for
approximately £1.54 million (net assets acquired £1.54 million) with an
anticipated rent roll of some £126,000 per annum. The building will be let to
a GP Practice accommodating 5 doctors, and the local Primary Care Group.


Further details:

Harry Hyman

Managing Director

Primary Health Properties PLC

Tel: [phone]

Mobile: [phone]



Adam Dalgliesh

Director

Primary Health Properties PLC

Tel: [phone]

Mobile: [phone]