Last checked at (Sharecast News) - Primary Health Properties on Friday said it had bought the Townside Primary Care Centre and adjacent office building in Bury, Lancashire for £40m.
The centre is a purpose-built primary care hub which is fully let to NHS Property Services and a pharmacy. The office accommodation is also fully let with 90% of the income secured against Bury Council.
PHP said the combined weighted average unexpired lease term for the two adjacent buildings is 10.8 years with 91% of the contracted rent secured against government backed tenants.
The acquisition will increase PHP's portfolio to a total of 515 assets, of which 19 are in Ireland, with a contracted rent roll of more than £138m, the company added.
25 Nov 2019 07:27
Primary Health Properties forward-funds Wales healthcare development
(Sharecast News) - Healthcare facilities investor Primary Health Properties has contracted with a developer to fund the development and acquisition of a purpose-built primary care centre in Mountain Ash, Rhondda Cynon Taf, Wales, it announced on Monday.
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