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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Primary Health Properties Plc | LSE:PHP | London | Ordinary Share | GB00BYRJ5J14 | ORD 12.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.95 | 1.04% | 91.95 | 91.90 | 92.05 | 92.75 | 91.05 | 91.10 | 1,509,740 | 15:54:34 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 169.8M | 27.3M | 0.0204 | 45.20 | 1.23B |
From Apr 2019 to Apr 2024
TIDMPHP
RNS Number : 9579Q
Primary Health Properties PLC
18 September 2017
18 September 2017
Primary Health Properties PLC
Acquisition
Primary Health Properties PLC ("PHP" or the "Company"), the UK's leading investor in modern primary healthcare facilities, announces that it has acquired the entire issued share capital of Chelmsley Associates Limited, a company whose sole asset is the Croft Medical Centre a modern, purpose built primary care centre in Chelmsley Wood, Birmingham for a for a total consideration of GBP4.67 million (net assets of GBP4.67 million).
The Croft Medical Centre is modern and high quality, having been completed in 2015. The property, which is fully let to the partners of the GP practise, has an unexpired lease term of over 23 years. It is the largest healthcare centre within the local health economy, comprising 1,175 m(2) , with a patient list size in excess of 11,000.
This acquisition will increase PHP's portfolio to a total of 304 assets with a gross value of in excess of GBP1.3 billion and a contracted rent roll of just over GBP70 million.
Harry Hyman, Managing Director of Primary Health Properties, commented:
"Croft Medical Centre is a positive addition to the portfolio and meets all of our investment criteria, with the added advantage of being located within a new wider community led development, which also includes a school, dentist and pharmacy. The unexpired term is accretive to the overall portfolio and the building represents a modern purpose built dedicated healthcare facility with the benefit of onsite car parking. We are well positioned to continue growing the portfolio and enjoy a strong pipeline of potential acquisitions in the UK and Ireland."
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 Tel: +44 (0) 20 7104 7050 5599
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 18, 2017 02:00 ET (06:00 GMT)
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