Primary Health Properties PLC’s (LON:PHP) boss Harry Hyman says it has plenty of cash for acquisitions after snapping up its 17th site in Ireland. The €18mln project is a primary care centre in Arklow, just south of Dublin and will be purpose-built to meet recently introduced nearly zero-energy building regulations. Construction has also restarted on other projects in Ireland as coronavirus restrictions have lifted and Hyman says the pipeline there remains very strong. The trend toward shifting less critical procedures out of hospitals and into primary care centres and GP surgeries has accelerated due to the virus, he adds. Around 90% of rents from the portfolio are guaranteed by either the UK or Irish governments and payments for the quarter just ended are at 97-98%, says Hyman.
Primary Health Properties says pipeline in Ireland remains very strong as it works on 17th site
Quick facts: Primary Health Properties PLC
Price: 141.8 GBX
Market Cap: £1.87 billion
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Primary Health Properties PLC named herein, including the promotion by the Company of Primary Health Properties PLC in any Content on the Site,...FOR OUR FULL DISCLAIMER CLICK HERE