Primary Health Share News (PHP)

(Sharecast News) - Primary Health Properties, an investor in modern primary healthcare facilities, has bought the Bersted Green Surgery in West Sussex for £5.34m.
The property is a modern purpose-built primary care facility which is fully let to a substantial GP practice and a pharmacy. The lease has an unexpired term of more than 14 years which is accretive to the overall portfolio weighted average unexpired lease term.

The deal lifts PHP's portfolio to a total of 519 assets, 20 of which are in Ireland, with a contracted rent roll of more than £139m.

Chief executive officer Harry Hyman said: "We are delighted to have acquired this modern primary care centre which provides a range of health services to the local community, including social proscribing, mental health counselling and phlebotomy, and benefits from a high level of government-back income.

"We have a strong pipeline of opportunities in the UK and Ireland and are well positioned to continue to grow our portfolio as we support the healthcare systems in these markets through the provision of modern, primary care infrastructure."