Primary Health Properties PLC Republic of Ireland Acquisition (3333Z)
14 12월 2017 - 4:01PM
UK Regulatory
TIDMPHP
RNS Number : 3333Z
Primary Health Properties PLC
14 December 2017
14 December 2017
Primary Health Properties PLC
Republic of Ireland Acquisition
Primary Health Properties PLC ("PHP"), the UK's leading investor
in modern primary healthcare facilities, announces that Primary
Health Properties ICAV, an Irish investment vehicle wholly owned by
PHP, has agreed to acquire a large modern primary heathcare
facility (the "Centre") in County Cork, Ireland for a total cost of
EUR20 million (net assets acquired EUR20 million).
The Centre comprises a lettable area of circa 6,500m2 and will
be fully let. The Health Service Executive ("HSE") have committed
to a new 25 year lease representing circa 65% of the total rent
roll. The HSE is the government's executive agency which provides
Ireland's public health services in communities across the country.
The remainder of the rent roll comes from four separate GP
practices, who have entered into long leases and other
complimentary tenants including a dentist, optician and
physiotherapist.
This acquisition, PHP's third in Ireland, increases PHP's
portfolio to a total of 307 assets, with a gross value of over
GBP1.35 billion and a contracted rent roll of just over GBP73
million.
Harry Hyman, Managing Director of PHP, commented:
"We are delighted to make continued progress in building our
portfolio in the Republic of Ireland, a market where we see
significant potential due to the need to modernise the primary care
infrastructure and widen the provision of healthcare services. The
Centre is one of the largest modern primary care centres in the
Republic of Ireland, serving a large local community, predominantly
secured against a government backed tenant on a new long term lease
and is therefore substantially in line with our target acquisition
profile. We have a strong pipeline of acquisitions in the UK and
Ireland and are well positioned to continue growing the portfolio
in both jurisdictions."
More information on Primary Health Properties PLC can be found
on www.phpgroup.co.uk
Legal Entity Identifier: 213800Y5CJHXOATK7X11
Further details:
Harry Hyman Richard Howell
Managing Director Finance Director
Tel: +44 (0) 20 7451 7050 Tel: +44 (0) 20 7104
5599
David Rydell / Steph Watson
(Buchanan Communications)
Tel: +44 (0) 20 7466 5066
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUSUNRBUAUARA
(END) Dow Jones Newswires
December 14, 2017 02:01 ET (07:01 GMT)
Primary Health Properties (LSE:PHP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Primary Health Properties (LSE:PHP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024