Assura share placings top £400m for 2017

4 December 2017 11:21 Comments (0)

Warrington-based primary care developer and investor Assura has raised £310m from a share issue which completed on Friday, its second placing this year.

A total of 545m new ordinary shares will be issued on 6 December at the agreed offer price.

In June, Assura raised £98m from a share placing. The company had said it was targeting up to £330m of investment in the latest share issue.

In its results for the six months to 30 September 2017, released last month, Assura said that it had made acquisitions totalling £174.1m during the period and that it has a near-term pipeline of £209m, with £126m of acquisition opportunities and £83m of development.

There are five development schemes on site, with a cost of £34.3m, and Assura expects to be on site with a further 12 projects worth £49m within a year.

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