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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Primary Health Prop | AQSE:PHP.GB | Aquis Stock Exchange | Ordinary Share | GB00BYRJ5J14 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.73 | -1.87% | 90.75 | 86.25 | 95.25 | 93.55 | 90.575 | 92.475 | 0.00 | 15:45:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPHP
RNS Number : 8835M
Primary Health Properties PLC
19 October 2016
19 October 2016
Primary Health Properties PLC
Completion of first investment in the Republic of Ireland
Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces that it has completed the acquisition of its first primary care centre in the Republic of Ireland.
Primary Health Properties ICAV, an Irish investment vehicle wholly owned by PHP, has taken delivery of a new, purpose built primary care centre in Tipperary following completion of its construction, for a total cost of EUR6.7 million (net assets acquired EUR6.7 million).
The centre comprises circa 2,800m(2) , is fully let and rent producing. Three quarters of the rent roll is contracted to the Health Service Executive ("HSE") for a 25 year lease term. 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 25 year leases to a group of GPs and a national pharmacy operator.
This acquisition is PHP's first in the Republic of Ireland and increases its portfolio to 294 assets, with a gross value of over GBP1.2 billion and a contracted rent roll of GBP67.4 million.
Harry Hyman, Managing Director of PHP, commented:
"We are delighted to have completed our first acquisition in the Republic of Ireland. Much like the UK, Ireland is experiencing increasing demands on its healthcare system and there is a significant need to provide modern, high quality primary care facilities to meet these demands. PHP has a strong pipeline of earnings enhancing opportunities in the UK and Republic of Ireland through which we will continue to grow the value of the portfolio and returns to shareholders."
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 Rydell / Elizabeth Snow / Eve Kirmatzis Bell Pottinger T +44 (0) 20 3772 2582
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
October 19, 2016 02:00 ET (06:00 GMT)
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