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Nabarro advises Primary Health Properties Plc on acquisition of portfolio of healthcare facilities
31 January 2007
Nabarro has advised Primary Health Properties PLC (PHP) on the £39.2m acquisition of PHIP CHH Limited (CHH).
PHP specialises in the ownership of freehold and long leasehold interests in modern purpose-built healthcare facilities, the majority of which are leased to general practitioners and other associated healthcare users.
CHH is the holding company of a group of companies that owns nine primary healthcare facilities across the UK, some of which are still under development. CHH will be incorporated into the enlarged PHP portfolio and will be managed by existing PHP resources.
Nabarro has acted for PHP since its incorporation and flotation and recently acted on its REIT conversion with effect from 1 January 2007. The team at Nabarro was led by corporate partner Glyn Taylor assisted by Ted Dewhurst, the property team being led by Steven Jaffe and Tom Castle. CHH were advised by Sharon White and John Hargreaves from Stephenson Harwood.
Corporate partner Glyn Taylor said, “It was great to work with Primary Health Properties PLC on its most recent acquisition since converting to a REIT in early January. The deal showcases our expertise and understanding of the healthcare sector and we look forward to working together with them again on their next transaction. We are continuing to see a lot of M&A activity within the healthcare sector.”
For further information please contact:
Charlotte Tandy
Lansons Communications
020 7294 3706
charlottet@lansons.com
or
Glyn Taylor
Partner, Nabarro
020 7524 6357
g.taylor@nabarro.com
