Primary Health Properties acquires medical centre in Leeds for £5.4m

Writer, Stock Market Wire
Monday, February 11, 2019 - 07:06

Primary Health Properties said it had acquired medical centre group Chapeloak Investments for £5.4m.

Chapeloak's sole activity was the ownership of the Oakwood Lane medical centre in Leeds.

The 1,177 square metre property was fully let to a GP practice that served over 13,500 patients.

Separately, the company said a subsidiary had been contracted to provide development funding for the construction of a medical centre in Langwith, Derbyshire at a cost of £1.8m.

Ownership of the centre would be transferred to Primary Health Properties upon its completion.

The transaction would increase the company's portfolio to a total of 315 assets, with a gross value of just over £1.5bn and a contracted rent roll of just under £80m.

Related content

Primary Health Properties completed developments in Wales, York

Primary Health Properties said it had reached practical completion on two developments from separate developers at Glynneath and Langwith, at a total cost of £6.4m....

Tue, 20/08/2019 - 09:08

PHP posts 12% rise in H1 EPS as merger creates 'significant value'

Healthcare property investor Primary Health Properties reported a 12% increase in first-half adjusted EPRA earnings per share to 2.8p as it said its March merger...

Thu, 25/07/2019 - 08:48

Primary Health Properties buys Dublin asset for €11

Primary Health Properties said it had completed the acquisition of the Meath Primary Healthcare in Dublin for around €11.0m.

This acquisition was the company's 15th...

Mon, 22/07/2019 - 07:12

Broker Forecast - Peel Hunt issues a broker note on Primary Health Properties Plc

Peel Hunt today downgrades its investment rating on Primary Health Properties Plc (LON:PHP) to add (from buy) and raised its price target to 145p (from...

Mon, 17/06/2019 - 09:20

Primary Health Properties says MedicX integration on track

Primary Health Properties said the first half of the year had started 'well' as the company continues to integrate its acquisition of MedicX Fund.


Tue, 11/06/2019 - 13:07