Property

Rents at HSE-owned properties to rise due to construction inflation, health facilities investor warns government

London-based Primary Healthcare Properties, which leases assets to the HSE and other government bodies, owns a portfolio of 20 assets in Ireland valued at more than €250 million

The group is planning to increase the size of its portfolio in Ireland to more than €450 million in the next three to five years, according to Harry Hyman, its chief executive.

Primary Health Properties (PHP), a London-based investor in primary health facilities which has operations in Ireland, has warned the government that rents at its properties will have to increase on the back of rising construction inflation.

PHP owns a portfolio of 20 assets in Ireland valued at more than €250 million. Leases to the HSE and other government bodies account for 74 per cent of the group’s income in Ireland, and all of its rent ...