Primary Medical Property

Morgan Sindall PLC 01 February 2006 Morgan Sindall plc ('Morgan Sindall' or 'the Group') Primary Medical Property shareholding transaction Morgan Sindall today announces a transaction in relation to Primary Medical Property Limited ('PMP'), in which the Group previously had a 47.5% shareholding. PMP undertakes the development and management of specialist healthcare property for retention as investments. Initially, the Group purchased the remaining 52.5% shareholding in PMP from certain private individuals. Subsequently, the Group has agreed to dispose of 50% of its interest by way of entering into a 50-50 owned joint venture agreement with a fund managed by Barclays Private Equity. For the year ended 31 December 2004, based on the most recent audited accounts, PMP had gross assets of £60.4 million. Paul Smith, Chief Executive of Morgan Sindall said: 'This deal facilitates the further development of our business in the health sector and provides exciting new opportunities for growth in the area of primary care.' 1 February 2006 Enquiries: Morgan Sindall plc Tel: 020 7307 9200 Paul Smith, Chief Executive David Mulligan, Finance Director College Hill Tel: 020 7457 2020 Alex Walters Matthew Smallwood This information is provided by RNS The company news service from the London Stock Exchange KBABKDOBK
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