Primary Health Properties PLC Completion of Developments (6502J)
15 4월 2020 - 3:00PM
UK Regulatory
TIDMPHP
RNS Number : 6502J
Primary Health Properties PLC
15 April 2020
Primary Health Properties PLC
Completion of Developments
Primary Health Properties PLC ("PHP"), one of the UK's leading
investors in modern primary healthcare facilities, announces that
it has taken delivery of two completed developments of large,
modern primary care centres in Ireland; a 4,822m(2) centre at Bray,
Co. Wicklow, 12 miles south of Dublin and a 3,232m(2) centre at
Rialto, Dublin 8.
The Bray primary care centre extends over three floors and
approximately two-thirds of the rent roll is contracted to the
Health Service Executive ("HSE"), who will use the centre for the
delivery of a wide range of health services including public health
nursing, dental, dietetics, psychology, physiotherapy, occupational
therapy, speech and language therapy, and adult mental health
services. The other tenants include a GP practice and pharmacy who
have both agreed 25-year leases from practical completion, as has
the HSE .
The Rialto primary care centre is also principally let to the
HSE on a 25-year lease and will provide nursing, counselling,
physiotherapy, speech and language and occupational therapies, and
a range of additional services from the centre.
PHP's portfolio comprises a total of 490 assets, of which 16 are
located in Ireland, with a gross value of over GBP2.4 billion and a
contracted rent roll of just over GBP128.0 million.
Harry Hyman, Managing Director of Primary Health Properties,
commented:
"We are delighted to be able to deliver these two large
facilities that form an important component of the HSE's strategy
of healthcare provision in the Dublin region in time to bolster
primary healthcare capacity during the COVID-19 crisis, with the
Rialto centre to be used initially as a community assessment hub
for the virus. We are working closely with the HSE to provide for
the best use of these centres, and others in Ireland, to add health
system capacity at this time.
"We continue to further build the quality of our portfolio by
delivering new facilities with long unexpired lease terms. We have
a strong pipeline of opportunities in the UK and Ireland and are
well positioned to continue to grow our portfolio."
More information on Primary Health Properties PLC can be found
on www.phpgroup.co.uk
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
Legal Entity Identifier: 213800Y5CJHXOATK7X11
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END
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