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Primary Health Props (PHP)

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Tuesday 29 March, 2005

Primary Health Props

Re Agreement

Primary Health Properties PLC
29 March 2005



29th March 2005



                         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 Hamble, Hampshire, for approximately £3,000,000 (net
assets acquired £3,000,000) with an anticipated rent roll of some £202,000 per
annum.  The building will be let to a GP Practice, Pharmacy and Dentist.


This new development forms part of the reprovision of primary care facilities
for a 7 partner Practice who currently occupy premises owned by PHP, which were
originally acquired in 1994.  It has always been the intention of PHP and
Brackley to redevelop this property.  Once the new development is completed,
which is estimated to be in first half of 2006, the old premises will be
disposed of.



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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