Mark Davies says group is now retendering for projects that had been put on standby due to rapid rises in building costs
PHP owns GP-focused health centres that are rented out to the HSE under agreements that provide for five-year rent reviews in line with the consumer price index. Photograph: iStock
That meant a couple of planned schemes in Ireland were no longer viable, he said, and everything was “put on standby”. However, he added, a retendering process “has just kicked off so we are obviously very active in that”. “Things are beginning to pick up again. It is a cracking portfolio in Ireland,” Mr Davies said, adding that the company was keen to “do more Ballincolligs if you like” referring to the enhanced care facility which it acquired for €29.6 million from O’Flynn Construction last year in its largest single investment in Ireland to date.
However, the results make particular reference to opportunities for the business in the UK under the new Labour government.
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