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Primary Health Props (PHP)

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Thursday 15 December, 2016

Primary Health Props

Acquisition

RNS Number : 8864R
Primary Health Properties PLC
15 December 2016
 

 

 

 

15 December 2016

 

 

Primary Health Properties PLC

 

 

Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that it has acquired a standing let investment property situated in Macclesfield.  The net consideration for the property will be £10.1 million (net assets acquired £10.1 million).

 

A wholly owned subsidiary of PHP has acquired New Alderley House, Macclesfield, a property comprising of 3,200m2 wholly let to East Cheshire NHS Trust and NHS Property Services for a remaining term of 16 years.  New Alderley House adjoins the Macclesfield District General Hospital campus and provides accommodation for a range of primary care services and NHS administration operations. 

 

This acquisition increases PHP's portfolio to a total of 295 assets, including one property in the Republic of Ireland, with a gross value of £1.2 billion.

 

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

 

Further details:

 

Harry Hyman

Managing Director

Tel: +44 (0) 20 7451 7050

Phil Holland

Finance Director

Tel: +44 (0) 20 7104 5599

 

David Austin

Nexus TradeCo Limited

Tel: +44 (0) 20 7104 5599

 




David Rydell / Elizabeth Snow

Eve Kirmatzis

Bell Pottinger

T +44 (0) 20 3772 2562

 


 


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