Law firm Stephenson Harwood LLP has advised Nexus Tradeco Limited (Nexus), in its role as property manager of Primary Health Properties (PHP), on the merger of PHP and Medicx – creating Britain’s largest healthcare real estate investment trust.

The combined group will hold a portfolio of 479 properties in the UK, rented to primary care providers, with a value of £2.3 billion. Nexus, the UK-based property management services, will provide property management, administrative and advisory support to the enlarged group.

The Stephenson Harwood team was led by partner William Saunders, with support from senior associate Richard Freedman and associate Joshua Cunnington.