Primary Health Properties Seals £700m JV With GIC to Reduce Debt
The joint venture will be seeded with 27 private hospitals from PHP’s portfolio, valued at roughly £700m and transferred at a 5% discount to December 2025 book value. PHP will retain a 50% stake and manage the properties and assets.
Primary Health Properties said the joint venture will begin with 27 private hospitals from its existing portfolio. They are valued at roughly £700m and will be transferred at a 5% discount to their December 2025 book value. PHP will keep a 50% stake and serve as property and asset manager, providing ongoing fee income and continued exposure to…