2nd Jul 2015 07:00
2 July 2015
Primary Health Properties PLC
Acquisition
Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that it has contracted to acquire a purpose built health care property for a total consideration of £2.5 million (net assets acquired £2.5 million).
A wholly owned subsidiary of PHP has contracted to acquire a newly built property, being constructed within the Macclesfield General District Hospital campus redevelopment. Upon completion the property will be fully let to East Cheshire NHS Trust for a 21 year term. The construction work is expected to be completed by Q4 2015.
These acquisitions increase PHP's portfolio to a total of 272 assets with a total annual contracted rent roll of £62.8 million.
More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk
Further details:
Harry Hyman Managing Director Tel: 020 7451 7050 | Phil Holland Finance Director Tel: 020 7104 5599
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Tim Walker-Arnott Nexus TradeCo Limited Tel: 020 7104 5599
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Bell Pottinger David Rydell/Victoria Geoghegan/Elizabeth Snow Tel: 0203 772 2582 | Broker Profile Joshua Cryer Tel: 0207 448 3244 |
Related Shares:
Primary Health