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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.10 | 1.18% | 94.45 | 94.05 | 94.20 | 95.65 | 93.40 | 93.40 | 2,212,520 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 169.8M | 27.3M | - | N/A | 0 |
TIDMPHP
RNS Number : 1691B
Primary Health Properties PLC
19 September 2018
19 September 2018
Primary Health Properties PLC
UK Acquisition
Primary Health Properties PLC ("PHP"), one of the UK's leading investors in modern primary healthcare facilities, announces that it has acquired a modern keyworker accommodation unit for a total consideration of GBP22.8 million (net assets of GBP22.8 million). The facility is located next to Wansbeck General Hospital and is let to Northumbria Healthcare NHS Foundation Trust (the "Trust").
PHP has acquired a company whose sole asset and activity is the ownership of Maple & Elm Court, Wansbeck General Hospital, Ashington, NE63 9JJ (the "Property"). The unexpired lease term of 29 years is accretive to the overall WAULT of the PHP portfolio and the Trust provides a strong covenant.
This acquisition will increase PHP's portfolio to a total of 313 assets with a gross value of almost GBP1.5 billion and a contracted rent roll of over GBP77 million.
Harry Hyman, Managing Director of Primary Health Properties, commented:
"Maple & Elm Court is an attractive addition to the portfolio with a very long unexpired lease term, benefitting from annual fixed rent reviews. The facility is ideally located immediately next to the Wansbeck General Hospital and offers a key service for the hospital and the wider Trust which operates throughout the region. The acquisition represents a similar investment to our primary care buildings as it is let to a NHS covenant on a long term basis. We have a strong pipeline of acquisitions in the UK and Ireland and are well positioned to continue growing the portfolio."
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
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September 19, 2018 02:00 ET (06:00 GMT)
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