logo-loader
Primary Health Properties PLC

Republic of Ireland Acquisition

/**/ sup{font-size:80%}h3{margin-top:2.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Cambria","serif";color:#243F60;font-weight:normal;}link{ color: blue }visited{ color: purple } .s{size:595.3pt 841.9pt;margin:72.0pt 72.0pt 72.0pt 72.0pt;}div.s{}p.ae{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Goudy Old Style","serif";font-weight: bold}span.ac{font-size:10.0pt;font-family:"Arial","sans-serif"}p.a,li.a,div.a{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Goudy Old Style","serif";}p.af{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Goudy Old Style","serif";font-weight: bold; text-align: center}p.ag{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Arial","sans-serif";color:black;text-align:justify}span.z{font-size:10.0pt}p.k,li.k,div.k{margin:0cm;margin-bottom:.0001pt;text-align:justify;text-autospace:none;font-size:12.0pt;font-family:"Goudy Old Style","serif";}span.ah{font-family:"Arial","sans-serif";font-size:10.0pt} span.ai{color:blue;text-decoration:underline;font-size:10.0pt;font-family:"Arial","sans-serif"}p.aj{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Goudy Old Style","serif";text-align:justify}span.x{font-size:10.0pt; font-family:"Arial","sans-serif"}p.ak{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Goudy Old Style","serif";font-weight: bold; text-align: justify}table.al{margin-left:-5.4pt;border-collapse:collapse}td.v{width:265.65pt;padding:0cm 5.4pt 0cm 5.4pt}td.u{width:164.05pt;padding:0cm 5.4pt 0cm 5.4pt} /**/
RNS Number : 1809G
Primary Health Properties PLC
22 July 2019
 

22nd July 2019

 

Primary Health Properties PLC

 

Republic of Ireland Acquisition

 

 

Further to its announcement on 12th March 2019, Primary Health Properties PLC ("PHP"), one of the UK's leading investors in modern primary healthcare facilities, announces that it has completed the acquisition of The Meath Primary Healthcare Centre, Dublin 8 ("Meath PCC"), a standing let primary care centre in the Republic of Ireland.

 

Primary Health Properties ICAV, an Irish investment vehicle wholly owned by PHP, has acquired the Meath PCC for a total cost of €10.987 million.

 

This acquisition is PHP's fifteenth asset in Ireland (including built and committed assets) and increases PHP's total portfolio to 484 properties, with a gross value of over £2.3 billion and a contracted rent roll in excess of £125 million. The gross value of the Irish portfolio is expected to be approximately €200 million when current contracted and onsite developments reach practical completion.

 

Harry Hyman, Managing Director of PHP, commented:

 

"The completion of the acquisition of Meath PCC marks an important addition to PHP's Irish portfolio. The property is fully let with the majority of the rental income secured by government backing with a long unexpired term, further enhancing our sustainable, long term income. We are delighted to make continued progress in building our portfolio in the Republic of Ireland, a market where we see significant potential due to the need to modernise the primary care infrastructure and widen the provision of healthcare services. We have a strong pipeline of acquisitions in the UK and Ireland and are well positioned to continue growing the portfolio in both jurisdictions."

 

More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

 

Further details:

 

Harry Hyman

Managing Director

Tel: +44 (0) 20 7451 7050

 


Richard Howell

Finance Director

Tel: +44 (0) 20 7104 5599

 


David Rydell / Steph Watson (Buchanan Communications)

Tel: +44 (0) 20 7466 5066


 

Legal Entity Identifier: 213800Y5CJHXOATK7X11

 


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 [email protected] or visit www.rns.com.
 
END
 
 
ACQSFWFIUFUSEFW

Quick facts: Primary Health Properties PLC

Price: £1.37

Market: LSE
Market Cap: £1.56 billion
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Primary Health Props 'delighted' with terms of new £150mln loan following...

Primary Health Properties PLC's (LON:PHP) Harry Hyman and Richard Howell recap on the 'transformational' MedicX deal and what it's meant for the group's enlarged portfolio. Hyman says a lot of focus has been on integrating the two businesses, which is going to plan, and to deliver the...

on 25/6/19

RNS

Director/PDMR Shareholding

2 days, 13 hours ago

Director/PDMR Shareholding

2 days, 13 hours ago

Director/PDMR Shareholding

6 days, 7 hours ago

Director/PDMR Shareholding

6 days, 7 hours ago

Director/PDMR Shareholding

1 week, 6 days ago

Director/PDMR Shareholding

1 week, 6 days ago

Director/PDMR Shareholding

2 weeks, 4 days ago

Director/PDMR Shareholding

2 weeks, 4 days ago