Primary Health Properties PLC Portfolio Update (5548P)
11 2월 2019 - 4:00PM
UK Regulatory
TIDMPHP
RNS Number : 5548P
Primary Health Properties PLC
11 February 2019
11 February 2019
Primary Health Properties PLC
Portfolio Update
Primary Health Properties PLC ("PHP"), one of the UK's leading
investors in modern primary healthcare facilities, announces that
it has acquired the entire issued share capital of Chapeloak
Investments Limited (the "Property"), whose sole activity is the
ownership of the Oakwood Lane Medical Centre in Leeds, for a total
consideration of GBP5.425 million (net assets of GBP5.425
million).
The Property was completed in 2014 and comprises a modern,
purpose built 1,177m(2) medical centre. The Property is fully let
to a GP practice that serves over 13,500 patients and is amongst
the largest practices in the local area and a pharmacy unit. The
pharmacy unit within the medical centre benefits from rent reviews
linked to RPI. Together the GP Practice and Pharmacy leases have a
WAULT of 20.6 years which is accretive to the overall WAULT of the
PHP portfolio.
In addition, a wholly owned subsidiary of PHP has contracted to
provide development funding for the construction of a purpose-built
medical centre in Langwith, Derbyshire for a total cost of GBP1.8
million (net assets acquired of GBP1.8 million), which will be
transferred to PHP upon its completion.
The property will be fully let to Derbyshire Community Health
Services NHS Foundation Trust (the "Trust") on a 20 year lease
which will be accretive to the overall WAULT of the PHP portfolio.
The Trust is one of the largest providers of specialist community
health services in the country and represents a strong covenant.
The Property will be a benefit to the health offering in Langwith
providing a range of medical services to the local community.
These transactions increase PHP's portfolio to a total of 315
assets with a gross value of just over GBP1.5 billion and a
contracted rent roll of just under GBP80 million.
Harry Hyman, Managing Director of Primary Health Properties,
commented:
"These transactions further grow the portfolio, generating
shareholder value by adding to the Group's rent roll and extending
its WAULT. They will also benefit not only our shareholders but
also our other stakeholders in delivering modern fit for purpose
facilities for the provisions of local healthcare services that are
easily adapted to meet changing healthcare needs. We have a strong
pipeline of opportunities in the UK and Ireland and are well
positioned to continue to grow our portfolio and to support the
healthcare systems in these markets through the provision of
modern, primary care infrastructure."
More information on Primary Health Properties PLC can be found
on www.phpgroup.co.uk.
-Ends-
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 / Tilly
Abraham
Buchanan Communications
Tel: +44 (0) 20 7466 5066
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
PFUUGUGAPUPBGQR
(END) Dow Jones Newswires
February 11, 2019 02:00 ET (07:00 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