Primary Health Properties PLC Acquisition (7797U)
23 1월 2017 - 4:00PM
UK Regulatory
TIDMPHP
RNS Number : 7797U
Primary Health Properties PLC
23 January 2017
23 January 2017
Primary Health Properties PLC
Acquisition
Primary Health Properties PLC ("PHP"), the UK's leading investor
in modern primary healthcare facilities, announces that it has
acquired two modern, purpose built healthcare facilities for a
total consideration of GBP7.2 million (net assets and debt acquired
GBP7.2 million).
PHP has acquired the entire issued share capital of Carden
Medical Investments Limited, a company whose assets and activity is
the ownership of the Cove Bay Medical Centre and the Pitmedden
Medical Centre, both of which are located close to Aberdeen and
serve nearly 20,000 patients.
Cove Bay is fully let to a GP practise and the Scottish
Ministers on leases that each have an unexpired term of 15.3 years.
The Pitmedden Medical Centre is fully let to the Haddo Medical
Group on a lease that has an unexpired term of 13 years.
This acquisition increases PHP's portfolio to a total of 298
assets, including one property in the Republic of Ireland, with a
gross value of over GBP1.2 billion.
Harry Hyman, Managing Director of Primary Health Properties,
commented:
"This acquisition adds to our portfolio of high quality, purpose
built primary care facilities across the UK and enhances our
sustainable, long term income. We have a strong pipeline and are
well positioned to continue to grow our portfolio and support the
UK's healthcare system with the provision of modern, primary care
infrastructure."
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
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