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Primary Health Props (PHP)

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Wednesday 14 June, 2000

Primary Health Props

Subsids Acquisition

Primary Health Properties PLC
14 June 2000



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 Smethwick, West Midlands,
for £1.55 million (net assets acquired £1.55 million) with an anticipated rent
roll of some £0.13 million per annum.  The building will be let to a 6 doctor
practice and a pharmacy.


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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