PHP makes largest Irish acquisition to date with €29 million deal

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The Ballincollig property acquired by PHP is fully let to the HSE

Primary Health Properties , a leading UK investor in modern primary healthcare facilities, has agreed to acquire Ireland’s first Enhanced Community Care facility at Ballincollig, near Cork, Ireland, for a

total consideration of €29.64 million.The property is fully let to the HSE on a 25-year lease and benefits from five yearly, compounded annually, Irish inflation indexed rent reviews, PHP said in a statement.

 

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