TIDMPHP

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 GBP6.7 million (net assets acquired GBP6.7 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 GBP1.06 billion and a total rent roll of GBP62.1 million.

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: 020 7451 7050    Tel: 020 7104 5599

This information is provided by RNS

The company news service from the London Stock Exchange

END

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