Primary Health Properties PLC Acquires Two Standing Let Medical Centre Investments

Posted: 20th June 2013 08:21

Primary Health Properties PLC ("PHP"), the UK's leading investor in modern primary healthcare facilities, announces the acquisition of two standing let medical centre investments.
A wholly owned subsidiary of PHP has completed the acquisition of two modern, purpose built medical centres for a total consideration of £9.01 million:
Harry Hyman, Managing Director of PHP, said:
"Following the recent success of our Capital Raise, we are delighted to start the delivery of our pipeline, acquiring quality primary care assets with long term income streams. These assets generate healthy income surpluses that increase the Company's profitability and contribute to achieving our highest priority of re-gaining full dividend cover."
Steve Sprigens, Director of Barclays Real Estate, comments:
"Building on our recent finance facility with PHP, we're delighted to continue to support the Group with their property acquisitions, and look forward to supporting them further with their on-going business needs."

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