Member Article

Primary Health Properties makes £14.4m Yorkshire acquisition

Healthcare facility investor, Primary Health Properties (PHP), has made a £14.4m acquisition of a South Yorkshire medical centre, based in Rotherham.

The firm, which was established in 1995 and listed on the stock exchange in 1998, is the only real estate investment trust in the UK that is solely dedicated to healthcare.

PHP announced the transaction on Thursday, for the property which is let to the Rotherham Primary Care Trust with a 16 year lease remaining.

The investor announced operating profit rises of 6.5% to £13.4m up to the end of June, while it increased its interim dividend to 9.25 pence from 9 pence per share.

PHP currently has a property portfolio of around 150 healthcare facilities, most of which are GP surgeries, as well as letting out to healthcare trusts, pharmacies and dentists.

This was posted in Bdaily's Members' News section by Miranda Dobson .