Primary Health Props

Re Agreement

Primary Health Properties PLC
01 July 2003


1st July 2003

                         Primary Health Properties PLC



Primary Health Properties PLC ("PHP") announces that its wholly owned subsidiary
Primary Health Investment Properties Limited entered into a forward purchase and
funding agreement on 30th June 2003 with Brackley Investments Limited to acquire
a new medical centre and pharmacy to be constructed in Oldbury, West Midlands,
for approximately £2.71 million (net assets acquired £2.71 million) with an
anticipated rent roll of some £188,000 per annum.  The building will be let to a
GP Practice and a pharmacy.



Further details:


Harry Hyman                         Adam Dalgliesh
Managing Director                   Property Director
Primary Health Properties PLC       Primary Health Properties PLC
Tel: 01483 306912                   Tel: 01483 306912
Mobile: 07973 344768                Mobile: 07976 753168



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