Primary Health Properties PLC Acquisition (0885X)

TIDMPHP

RNS Number : 0885X

Primary Health Properties PLC

05 February 2013

News Release

5 February 2013

Primary Health Properties PLC

Primary Health Properties PLC ("PHP"), one of the largest providers of modern primary healthcare facilities, announces the acquisition of a standing let medical centre investment and its commitment to forward fund two additional medical centre properties that are being developed.

-- A wholly owned subsidiary of PHP has completed the acquisition of a newly developed modern, purpose built medical centre in Bearwood, Poole for approximately GBP3.6 million (net assets acquired GBP3.6m). The construction of the building has recently completed and is it let and income producing to a GP surgery for 20 years, a pharmacist for 15 years and three retail units let to the Co-Operative for an unexpired lease term of 20 years;

-- A further wholly owned subsidiary of PHP has entered into a purchase and funding agreement for the acquisition of a purpose built medical centre to be constructed in Chard, Somerset. PHP will pay approximately GBP1.825 million (net assets acquired GBP1.825m). The building will be fully let on completion to a GP Practice for a 20 year term. Completion of the asset is anticipated in late 2013; and

-- PHP has acquired a newly incorporated single purpose company that has entered into a purchase and funding agreement for a purpose built medical centre under construction in Worcester for approximately GBP4.475 million (net assets acquired GBP4.475m). The building will be fully let for a 25 year term to a 5 GP Practice and a pharmacy operator and is expected to be completed in November 2013.

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

Further details:

 
 Harry Hyman                      Phil Holland 
  Managing Director                Nexus TradeCo Limited 
  Primary Health Properties PLC    Tel: 020 7451 7050 
  Tel: 020 7451 7050 
                                  Tim Walker-Arnott 
                                   Nexus TradeCo Limited 
                                   Tel: 01483 749033

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQUSRBROBAURAR

Primary Health Properties (LSE:PHP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024