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Primary Health Props (PHP)

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Thursday 23 March, 2000

Primary Health Props

Subsid's Acquisitions

Primary Health Properties PLC
23 March 2000


Primary Health Properties PLC ('PHP') announces that its wholly owned
subsidiary Primary Health Investment Properties Limited has exchanged
contracts to purchase two medical properties in Killick Street and Ritchie
Street, Islington, London, for £2.19 million (net assets acquired £2.19
million) with a rent roll of approximately £190,000 per annum.  The buildings
are let to two separate GP Practices.

The transaction, when completed, will take the portfolio, both purchased and
committed to over £50.5 million.

Further details:

Harry Hyman                     Adam Dalgliesh
Managing Director               Director
Primary Health Properties PLC   Primary Health Properties PLC
Tel: 01483 306912               Tel: 01483 306912
Mobile: 0973 344768             Mobile: 0976 753168

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