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NewsOperis advises on PMP shareholding transaction.Primary Medical Property Ltd (PMP) undertakes the development and management of a specialist healthcare property for retention as investments, and has gross assets of approximately £60m. The Morgan Sindall Group previously had a 47.5% shareholding in PMP. Initially Morgan Sindall purchased the remaining 52.5% shareholding in PMP from certain oprivate 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 managd by Barclays Private Equity. Operis project managed and advised Morgan Sindall in relation to this transaction.
2 February, 2006
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