Finance

Primary Health Properties raises £115m in oversubscribed fundraise

By 2018-04-18T09:47:00

Doctor and patient

Primary Health Properties has raised £115m in an oversubscribed fundraising ahead of plans to make further acquisitions of GP medical centres and increase development across the UK and Ireland.

Exceeding the initial fundraising target of £100m, PHP attracted investments from a mix of new and existing retail and institutional investors including an initial £50m secured in a firm placing carried out by Numis and Peel Hunt.

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