23rd Apr 2015 07:00
23 April 2015
Primary Health Properties PLC
Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that a wholly owned subsidiary has contracted to fund the development of and acquire a new modern, purpose built medical centre to be constructed in East Anglia. The total consideration will be £6.7 million (net assets acquired £6.7 million).
The centre will be let to a GP partnership and a pharmacy operator on 25 year lease terms and is expected to be completed by Q2 2016.
PHP's portfolio now totals 269 properties with an aggregate value of £1.06 billion and a total rent roll of £62.1 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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