Companies: PHP   

Primary Health Properties is buying a new medical centre in North Wales for £9.6 million.

The fully listed company, which is a leading provider of modern primary healthcare facilities, says it has entered into purchase and funding agreements for the acquisition of the new centre in Connah’s Quay, Clwyd. The plan is to let the building, scheduled for completion in 2010, to three general practitioner practices and the North Wales National Health Service Trust.

Primary Health Properties turned a £5.3 million profit into a £507,000 loss in the first half of this year on rent and lease income up by £2.2 million to £9.1 million, with a £4.7 million loss on the value of its property portfolio. Its shares, which reached 335.25p in late 2006, now stand at 295p, valuing the company at £99.1 million.

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Primary Health	LSE	£101.43m	302.00p	1.00p
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Welsh deal for Primary Health			05/11/2008
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