Primary Health Properties (PHP) has agreed to acquire Ireland’s first Enhanced Community Care (ECC) facility for a total consideration of €30m. With its interim results, PHP highlighted its continued plans for strategic expansion in Ireland, where higher yields support accretive investment in an expanding market. Alongside low-risk, value-creating asset management schemes and accelerating organic rental growth, this represents a key opportunity for continuing growth in income. Our forecasts are for now unchanged.
13 Sep 2023
Primary Health Properties - Strategic and accretive Irish expansion
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Primary Health Properties - Strategic and accretive Irish expansion
Primary Health Properties PLC (PHP:LON) | 96.0 2.4 2.6% | Mkt Cap: 2,491m
- Published:
13 Sep 2023 -
Author:
Martyn King -
Pages:
2 -
Primary Health Properties (PHP) has agreed to acquire Ireland’s first Enhanced Community Care (ECC) facility for a total consideration of €30m. With its interim results, PHP highlighted its continued plans for strategic expansion in Ireland, where higher yields support accretive investment in an expanding market. Alongside low-risk, value-creating asset management schemes and accelerating organic rental growth, this represents a key opportunity for continuing growth in income. Our forecasts are for now unchanged.