Subsid's Agreement

Primary Health Properties PLC
28 June 2000

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 Bure Park, Bicester,
Oxfordshire, for £0.8 million (net assets acquired £0.8 million) with an
anticipated rent roll of some £65,000 per annum.  The building will be let to
a new 3 doctor practice.


Further details:

Harry Hyman                          Adam Dalgliesh 
Managing Director                    Director
Primary Health Properties PLC        Primary Health Properties PLC 
Tel: [phone]                    Tel: [phone]
Mobile: [phone]                  Mobile: [phone]