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Primary Health Properties acquires Moredon Medical Centre in Swindon

Harry Hyman, managing director of Primary Health Properties PLC (LON:PHP) tells Proactive Investors a wholly owned subsidiary of PHP has acquired the Moredon Medical Centre (net assets acquired £6.1mln), a standing let investment property situated in Moredon, Swindon.

Hyman says the property comprises of a modern, purpose built 1,446 square metres medical centre which is fully let to the Moredon Medical Centre Partnership.

It also comprises of Lloyds pharmacy unit with a WAULT of approximately 27.5 years, which is accretive to the overall portfolio.

Quick facts: Primary Health Properties PLC

Price: 153.6165 GBX

LSE:PHP
Market: LSE
Market Cap: £1.87 billion
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on 11/6/19

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