Primary Health Properties PLC
("PHP" or the "Group")
Acquisition
Primary Health Properties PLC, one of the UK's leading investors in modern primary healthcare facilities, announces that it has acquired the entire issued share capital of Peak Health Solutions Limited, whose sole asset is the Lambgates Health Centre, Glossop for a total consideration of £5 million.
The property is a modern, purpose-built primary care facility which is fully let to a GP practice providing 100% government backed income. The lease has an unexpired term of over 20 years which is accretive to the overall portfolio WAULT and the lot size is in line with the portfolio average.
The medical centre supports 6,500 patients and is a key facility in the local health economy, being one of the only purpose-built buildings in the area.
PHP's portfolio now comprises a total of 518 assets, of which 20 are in Ireland, with a contracted rent roll of over £139 million.
Harry Hyman, CEO of Primary Health Properties, commented:
"We are delighted to have acquired this modern primary care centre built in 2012 to BREEAM excellent standards with photo-voltaic panels on its roof. This is in line with our strategy of ensuring our property portfolio reflects our focus on sustainability.
"We have a strong pipeline of opportunities in the UK and Ireland and are well positioned to continue to grow our portfolio as we support the healthcare systems in these markets through the provision of modern, primary care infrastructure."
More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk
Further details:
| Harry Hyman Chief Executive Officer Tel: +44 (0) 20 7451 7050 | Richard Howell Chief Financial Officer Tel: +44 (0) 20 7104 5599 | |||||
| David Rydell / Steph Whitmore / Tilly Abraham Tel: +44 (0) 20 7466 5066
|
| |||||
Legal Entity Identifier: 213800Y5CJHXOATK7X11
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
