Investments and investor services
FTSE 100 closes higher as Bercow deals blow to May's Brexit plan
Bercow says the government can only bring back the vote if there has been substantial 'change' to the Brexit deal
Company
LON:PHP
Primary Health Properties PLC is a UK-based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns for shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long-term leases backed by a secure underlying covenant funded mostly by government bodies. The company's portfolio comprises over 300 primary healthcare facilities, both completed and committed, the majority of which are GP surgeries, with other properties let to NHS organisations, pharmacies and dentists.
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Investments and investor services
Bercow says the government can only bring back the vote if there has been substantial 'change' to the Brexit deal
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The Health Service Executive and GP practices account for 64% of the total rent roll and these leases benefit from CPI-led rent reviews
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The centre will comprise 3,975 square metres of lettable space and about 80% of the rent roll will be contracted to the Health Service Executive and TUSLA - the Irish government's Child and Family agency - on 30-year leases
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The UK's blue chip benchmark closed down around 40 points at 7,179, while FTSE 250 shed around 58 at 19,068
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"We have a strong pipeline of opportunities in the UK and Ireland and are well positioned to continue to grow our portfolio and to support the healthcare systems in these markets through the provision of modern, primary care infrastructure,
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The UK's premier share index added almost 58 points at 7,129, while the FTSE 250 also gained ground
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The UK's premier share index closed up over 143 points higher at 7,177
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Primary Health Properties expects the merger with MedicX Fund to result in cost savings of £4mln in the first year
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A glance at some of the day's highlights from the Proactive Investors newswire
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“Whatever the final outcome and consequences of Brexit for the UK it is unlikely to have a direct impact on the primary health centres we invest in"