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Primary Health Props (PHP)

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Monday 28 January, 2002

Primary Health Props


Primary Health Properties PLC
28 January 2002

                                  News Release

28th January 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 on the Lancaster University Campus, South West Drive,
Lancaster, for approximately £0.7 million (net assets acquired £0.7 million)
with an anticipated rent roll of some £59,000 per annum.  The building will be
let to a 4 GP Practice.

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

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