PRIMARY Health Properties, the UK company that owns 15 operational healthcare centres in Ireland, is planning to raise £120m (€134m) via a share placing to fuel expansion. It said it continues to see opportunities for funding new developments in Ireland and the UK. The company has been very active in the Irish market, and has two healthcare centres under construction here. The 17 centres that will comprise its portfolio in Ireland when those two projects are completed are expected to have a total asset value of €233m. Primary Health Properties (PHP) told investors that it currently has a short-term pipeline of 11 new developments to be forward funded, totalling £92m (€103m).

Source: Irish Independent July 10, 2020 01:30 UTC