Primary Health Properties plc is a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

-based

real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...

, specialising in the rental of flexible and modern

primary healthcare Primary health care, or PHC, refers to "essential health care" that is based on scientifically sound and socially acceptable methods and technology. This makes universal health care accessible to all individuals and families in a community. PHC in ...

facilities within the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

and

Ireland Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Grea ...

. The company is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

and is also a constituent of the FTSE 250 Index

History

The company was incorporated in 1995, floated on the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows ...

in 1996, and listed on the

in November 1998. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. In September 2018 it bought an accommodation block next to

Wansbeck General Hospital Wansbeck General Hospital is a district general hospital based in Ashington, Northumberland, England. It is managed by Northumbria Healthcare NHS Foundation Trust. History The first phase of the hospital, which was designed for low energy consum ...

in September 2018, and also acquired Jellia Holdings, the owner of three purpose-built primary care centres in Navan Road,

Dublin Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 c ...

Newbridge, County Kildare Newbridge, officially known by its Irish name Droichead Nua (), is a town in County Kildare, Ireland. While the nearby Great Connell Priory was founded in the 13th century, the town itself formed from the 18th century onwards, and grew rapidly ...

and Celbridge. In June 2019 PHP completed a £1 billion merger with Medicx Fund, creating the UK’s largest UK healthcare property investor, with a combined portfolio of almost 500 properties. In 2020 it raised £140 million through a placing of 96.6 million shares to fund future acquisitions. In 2022 it bought Chiswick Medical Centre, which is let to HCA International Ltd, in London for £34.5 million.

Property portfolio

Approximately 90% of the rent roll was paid for by the NHS in 2017. 9% is due from pharmacies. The company had a portfolio of 513 properties worth £2.8 billion as at 31 December 2022.

Notes

External links

Official site
* {{Authority control Companies listed on the London Stock Exchange Real estate companies established in 1995 Real estate investment trusts of the United Kingdom Primary care