Acquisition

Primary Health Properties PLC
14 December 2001



                        Primary Health Properties PLC

Primary Health Properties PLC ('PHP') announces that its wholly owned
subsidiary Primary Health Investment Properties Limited has entered into a
forward purchase and funding agreement with Brackley Investments Limited to
acquire a new medical centre to be constructed in Partington Lane, Swinton,
Salford, for approximately £1.4 million (net assets acquired £1.4 million)
with an anticipated rent roll of some £113,500 per annum. The building will be
let to a 6 GP Practice. There will also be a Pharmacy.



Further details:

Harry Hyman /      Managing Director

Primary Health Properties PLC

Tel: [phone]/ Mobile: [phone]



Adam Dalgliesh / Director

Primary Health Properties PLC

Tel: [phone]/      Mobile: [phone]