PHP makes third Irish buy

Primary Health Properties is buying its third Irish property with a deal to purchase a healthcare facility in Cork for €20m through a wholly-owned vehicle, Primary Health Properties ICAV.

The Centre comprises a lettable area of circa 6,500m2 and will be fully let to the Health Service Executive which has committed to a new 25 year lease representing circa 65% of the total rent roll, four separate GP practices and other “complimentary” tenants.

Click here for the full Investegate article