M&A Activity • Apr 23, 2015
M&A Activity
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information
RNS Number : 0454L
Primary Health Properties PLC
23 April 2015
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 |
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQLLFSESEIFFIE
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.