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Primary Health closes €20M Irish buy; Aedifica signs €6M deal for Dutch project

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Primary Health closes €20M Irish buy; Aedifica signs €6M deal for Dutch project

This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.

UK

* Primary Health Properties Plc unit Primary Health Properties ICAV closed the €20 million purchase of the Mallow Primary Healthcare Centre in Cork, Ireland. A new 25-year lease for the asset was signed with Health Service Executive, representing approximately 65% of the total rental income.

* Ediston Property Investment Co. plc acquired a seven-acre development land in Haddington, U.K., for roughly £2.8 million, excluding costs. The site is earmarked for retail project under a local development plan. The company is now seeking a new planning permission for the site involving the development of a retail warehouse.

* AEW UK Long Lease REIT Plc paid £3.8 million to buy the Applegreen Petrol Filling Station in Crawley, U.K., at a net initial yield of 5.3%. The station provides eight filling points, 20 car parking spaces and a convenience store, among other facilities.

The Netherlands

* Aedifica SA signed an approximately €6 million agreement for the construction of the Huize Hoog Waardijn care residence in Tilburg. The development is expected to be completed in the first quarter of 2019 and have a gross rental yield of roughly 6.5%.

In its half-year report for the 2017/2018 financial year, the company said it agreed Jan. 24 to invest roughly €4 million to construct a 21-unit senior care residence center in Leusden. The property is set for completion in the third quarter of 2019.

On Feb. 1, the company also acquired the 12-unit Martha Flora Hoorn senior care residence in Hoorn for roughly €1 million.

Additional coverage

Credit Suisse buys London building for £118M from Skanska

Report: Goldman Sachs mulls sale-leaseback of new European HQ in London

Hyprop Investments JV buys stake in 2 Croatian malls for €154.4M

Allianz Real Estate to purchase office asset in Munich for €190M

Report: Kennedy-Wilson top bidder for Blackstone's Ireland tower

Joyce Guevarra contributed to this report.