Primary Health Properties PLC Acquisition (9924S)
October 09 2017 - 2:00AM
UK Regulatory
TIDMPHP
RNS Number : 9924S
Primary Health Properties PLC
09 October 2017
9 October 2017
Primary Health Properties PLC
Acquisition
Primary Health Properties PLC ("PHP" or the "Company"), the UK's
leading investor in modern primary healthcare facilities, announces
that it has contracted to acquire a standing let investment
property situated in Stenhousemuir, Falkirk, Scotland.
A wholly owned subsidiary of PHP has agreed to acquire
Stenhousemuir Medical Centre for GBP8.65 million (net assets
acquired of GBP8.65 million).
The property comprises of 2,450 m(2) and is fully let to The
Scottish Minister with a patient list of over 19,000 people,
substantially the largest in the local area.
This acquisition will increase PHP's portfolio to a total of 305
assets with a gross value of circa GBP1.32 billion and a contracted
rent roll of approximately GBP71.7 million.
Harry Hyman, Managing Director of Primary Health Properties,
commented:
"Stenhousemuir Medical Centre provides a positive addition to
the portfolio being the principal and largest primary care centre
in the area with a substantial patient list. The building
represents a modern and purpose built dedicated healthcare facility
with the benefit of onsite expansion space. We have a strong
pipeline of acquisitions in the UK and Ireland and remain well
positioned to continue growing the portfolio."
More information on Primary Health Properties PLC can be found
on www.phpgroup.co.uk
Legal Entity Identifier: 213800Y5CJHXOATK7X11
Further details:
Harry Hyman Richard Howell
Managing Director Finance Director
Tel: +44 (0) 20 7451 Tel: +44 (0) 20 7104
7050 5599
This information is provided by RNS
The company news service from the London Stock Exchange
END
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