StockMarketWire.com - Healthcare real estate investor Primary Health Properties said it had acquired a medical centre in Cardiff for £4.5 million.

The deal involved buying Sarak, whose sole asset was the Crwys Medical Centre in Cathays, Cardiff.

Of the sale price, about £1 million would be satisfied by the issue of new Primary Health Properties shares.

The acquisition increases the company's portfolio to a total of 516 assets, of which 19 were in Ireland, with a contracted rent roll of over £138 million.


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