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Neil Tague Primary Health Properties has acquired the 2016-built West Derby Medical Centre for £4.6m. The facility is leased to a GP practice with a patient list of more than 13,000 patients, along with a pharmacy. London-registered PHP is one of the key players in the healthcare development and investment market, with a portfolio of around 500 UK properties, most of them GP surgeries, with other properties let to NHS organisations, pharmacies and dentists. The PHP portfolio has a contracted rent roll of approximately £135.3m,average unexpired lease terms of more than 12 years and an occupancy rate of 99.5%. Perhaps unsurprisingly in a year that has seen such focus on healthcare and wellbeing, the healthcare development sector has been busy throughout 2020. ....
Mon, 21st Dec 2020 10:57 (Alliance News) - Primary Health Properties PLC on Monday said it has acquired the West Derby Medical Centre for GBP4.6 million and contracted a developer to fund the development and purchase of a primary care centre in Enniscorthy, County Wexford, Ireland. The primary health facilities investor stated the West Derby Medical Centre is leased to a GP practice with a patient list of over 13,000 patients and a pharmacy. It added it has also contracted to provide development funding for the construction of the Enniscorthy Primary Care Centre for EUR12.6 million. Lease agreements have been entered into for a 15-year term with the Health Service Executive and a local GP practice. Further leases are expected to be agreed with Ireland s Child & Family Agency TUSLA and a pharmacy, before completion of the building in the first quarter of 2022. ....
21 December 2020 | 14:22pm StockMarketWire.com - Primary Health Properties said it has acquired the West Derby Medical Centre for £4.6 million. The property is leased to a substantial GP practice, with a patient list of over 13,000 patients and a pharmacy. PHP has also contracted to provide development funding for the construction of the Enniscorthy Primary Care Centre in for a total cost of €12.6 million. Agreements for lease have been entered into for an initial term of 25 years with the Health Service Executive and a local GP practice and further leases are anticipated to be agreed with Ireland s Child and Family Agency and a pharmacy, before completion of the building in 2022. ....
21 December 2020 | 07:47am StockMarketWire.com - Healthcare property investor Primary Health Properties said it had acquired the West Derby Medical Centre in Liverpool for £4.6 million. The company said it also had contracted to provide development funding for the construction of the Enniscorthy Primary Care Centre in Enniscorthy, Co Wexford, Ireland for €12.6 million. The asset in West Derby was a modern purpose-built medical centre constructed in 2016, leased to a substantial GP practice, with a patient list of over 13,000 patients, and a pharmacy. Practical completion of the building in Ireland was expected in the first quarter of 2022. Primary Health Properties said the two deals would will increase its overall portfolio to 513 assets, of which 18 were in Ireland. ....