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Primary Health Properties to develop first net zero carbon development
(Alliance News) - Primary Health Properties PLC on Monday said it has signed agreements for its first net zero carbon direct development in Eastergate, West Sussex, which will have a gross development value of GBP6.7 million.
Net zero carbon will be achieved by measuring, minimising and offsetting carbon from materials used during construction and enabling occupiers to operate the building with NZC emissions.
The development has been pre-let to both a GP practice and a local pharmacy for a 25-year term. Work is set to start immediately with practical completion expected in the second quarter of 2023, which will increase Primary Health's portfolio to 523 assets with a contracted rent roll of GBP141 million.
"We are delighted to have commenced work on one of the UK's first NZC healthcare buildings. Starting work on our first NZC direct development is a significant achievement and demonstrates our strategic commitment to transitioning all our operational, development and asset management activities to NZC by 2030 and to help our occupiers achieve NZC by 2040 as set out in our recently announced NZC Framework," said Chief Executive Officer Harry Hyman.
Shares in Primary Health Properties flat at 151.26 pence on Monday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Latest PHP News
- UK Earnings, Trading Statements Calendar - Week Ahead
13 Feb 2014 - DIRECTOR DEALINGS: Primary Health MD Acquired Shares
11 Feb 2014 - DIRECTOR DEALINGS: Primary Health Non-Executive Acquires Shares
11 Feb 2014 - Primary Health Properties Revises Portfolio Management Advisory Fees
28 Jan 2014 - Primary Health Properties Acquires Wrexham Medical Centre For GBP2.3M
16 Jan 2014 - Primary Health Property acquires Welsh medical centre
16 Jan 2014 - DIRECTOR DEALINGS: Primary Health Properties Managing Director Buys Shares
14 Jan 2014 - DIRECTOR DEALINGS: Primary Health Properties Director Acquires Shares
14 Jan 2014
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