PHP plans further investment in facilities for Ireland – Independent.ie

Primary Health Properties says around a third of its £128m (€140.7m) development pipeline will be focused on Ireland.

The company has been very active in the Irish market, where it has 17 healthcare centres valued at €214.3m.

This includes two forward-funded developments currently under construction which, if valued as complete, increase the total asset value to approximately €233m.

When combined with the rental income, the Irish market represents 8pc of the group’s total portfolio.

PHP reported profit of £39.5m in the six months to June 30, a swing on the loss of £105.6m last year.

Next rental income increased 20pc year-on-year to £64.8m.

The company, which receives 90pc of its rent from the HSE or National Health Service in the UK, said it was a “very robust and resilient start” to the year.

As at July 27 it had collected 96pc of its rent in Ireland and the UK for

Continue reading this atricle at https://www.independent.ie/business/irish/php-plans-further-investment-in-facilities-for-ireland-39408695.html