29th Mar 2005 11:15
Primary Health Properties PLC29 March 2005 29th March 2005 Primary Health Properties PLC Primary Health Properties PLC ("PHP") announces that its wholly owned subsidiaryPrimary Health Investment Properties Limited has entered into a forward purchaseand funding agreement with Brackley Investments Limited to acquire a new medicalcentre to be constructed in Hamble, Hampshire, for approximately £3,000,000 (netassets acquired £3,000,000) with an anticipated rent roll of some £202,000 perannum. The building will be let to a GP Practice, Pharmacy and Dentist. This new development forms part of the reprovision of primary care facilitiesfor a 7 partner Practice who currently occupy premises owned by PHP, which wereoriginally acquired in 1994. It has always been the intention of PHP andBrackley to redevelop this property. Once the new development is completed,which is estimated to be in first half of 2006, the old premises will bedisposed 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 ExchangeRelated Shares:
Primary Health