REG - Primary Health Props - Acquisition

Primary Health PropertiesAnnouncement

25/07/2022 07:00

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RNS Number : 5257T  Primary Health Properties PLC  25 July 2022

Primary Health Properties PLC

("PHP" or the "Group")

Acquisition of Medical Centre in Newbury

 

Primary Health Properties, one of the UK's leading investors in modern primary
healthcare facilities, announces that it has acquired the Strawberry Hill
Medical Centre, Newbury for a total consideration of £7.25 million.

 

The property is fully let to two GP practices, providing 100% government
backed income, with an unexpired term of 19 years; serving substantial patient
lists; and benefiting from facilities for carrying out broader medical
services such as minor operations and blood tests.

 

Following completion, PHP's portfolio will comprise 512 assets, of which 20
are in Ireland, with a contracted rent roll of £143 million.

 

Harry Hyman, Chief Executive Officer of Primary Health Properties, commented:

 

"We are delighted to have acquired this medical centre which acts as a hub for
the delivery of primary care and broader medical services in the growing town
of Newbury.  The property also provides accommodation for district nurses, a
clinical pharmacy and social prescribing services.

 

"We have a strong pipeline of opportunities in the UK and Ireland and
are well positioned to continue to grow our portfolio selectively and to
support the healthcare systems in these markets through the provision of
modern, primary care infrastructure."

 

More information on Primary Health Properties PLC can be found
on www.phpgroup.co.uk (http://www.phpgroup.co.uk/)

 

Further details:

 

 Harry Hyman                                                      Richard Howell

 Chief Executive Officer                                          Chief Financial Officer

 Tel: +44 (0) 7973 344768                                         Tel: +44 (0) 7766 072272

 David Rydell / Steph Whitmore / Hannah Ratcliff

(Buchanan Communications)

 Tel: +44 (0) 20 7466 5066

 

 

 

Legal Entity Identifier: 213800Y5CJHXOATK7X11

 

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