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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.25 | -1.32% | 93.75 | 93.90 | 94.10 | 94.40 | 92.50 | 92.50 | 3,303,953 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 169.8M | 27.3M | - | N/A | 0 |
TIDMPHP
RNS Number : 9924S
Primary Health Properties PLC
09 October 2017
9 October 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 contracted to acquire a standing let investment property situated in Stenhousemuir, Falkirk, Scotland.
A wholly owned subsidiary of PHP has agreed to acquire Stenhousemuir Medical Centre for GBP8.65 million (net assets acquired of GBP8.65 million).
The property comprises of 2,450 m(2) and is fully let to The Scottish Minister with a patient list of over 19,000 people, substantially the largest in the local area.
This acquisition will increase PHP's portfolio to a total of 305 assets with a gross value of circa GBP1.32 billion and a contracted rent roll of approximately GBP71.7 million.
Harry Hyman, Managing Director of Primary Health Properties, commented:
"Stenhousemuir Medical Centre provides a positive addition to the portfolio being the principal and largest primary care centre in the area with a substantial patient list. The building represents a modern and purpose built dedicated healthcare facility with the benefit of onsite expansion space. We have a strong pipeline of acquisitions in the UK and Ireland and remain well positioned to continue growing the portfolio."
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
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October 09, 2017 02:00 ET (06:00 GMT)
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