Primary Health Props

Acquisition

RNS Number : 9283R
Primary Health Properties PLC
02 July 2015
 

 

 

 

2 July 2015

 

 

Primary Health Properties PLC

 

Acquisition

 

 

Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that it has contracted to acquire a purpose built health care property for a total consideration of £2.5 million (net assets acquired £2.5 million).

 

A wholly owned subsidiary of PHP has contracted to acquire a newly built property, being constructed within the Macclesfield General District Hospital campus redevelopment.  Upon completion the property will be fully let to East Cheshire NHS Trust for a 21 year term.  The construction work is expected to be completed by Q4 2015.

 

These acquisitions increase PHP's portfolio to a total of 272 assets with a total annual contracted rent roll of £62.8 million.

 

More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

 

Further details:

 

Harry Hyman

Managing Director

Tel: 020 7451 7050

Phil Holland

Finance Director

Tel: 020 7104 5599

 


Tim Walker-Arnott

Nexus TradeCo Limited

Tel: 020 7104 5599

 

Bell Pottinger

David Rydell/Victoria Geoghegan/Elizabeth Snow

Tel: 0203 772 2582

Broker Profile

Joshua Cryer

Tel: 0207 448 3244

 


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