TIDMPHP

RNS Number : 8864R

Primary Health Properties PLC

15 December 2016

15 December 2016

Primary Health Properties PLC

Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that it has acquired a standing let investment property situated in Macclesfield. The net consideration for the property will be GBP10.1 million (net assets acquired GBP10.1 million).

A wholly owned subsidiary of PHP has acquired New Alderley House, Macclesfield, a property comprising of 3,200m(2) wholly let to East Cheshire NHS Trust and NHS Property Services for a remaining term of 16 years. New Alderley House adjoins the Macclesfield District General Hospital campus and provides accommodation for a range of primary care services and NHS administration operations.

This acquisition increases PHP's portfolio to a total of 295 assets, including one property in the Republic of Ireland, with a gross value of GBP1.2 billion.

More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

Further details:

 
 Harry Hyman                Phil Holland 
  Managing Director          Finance Director 
  Tel: +44 (0) 20 7451       Tel: +44 (0) 20 7104 
  7050                       5599 
 David Austin 
  Nexus TradeCo Limited 
  Tel: +44 (0) 20 7104 
  5599 
 
 David Rydell / Elizabeth 
  Snow 
  Eve Kirmatzis 
  Bell Pottinger 
  T +44 (0) 20 3772 2562 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQUSUBRNUAUAAA

(END) Dow Jones Newswires

December 15, 2016 02:00 ET (07:00 GMT)