Assura shows ‘healthy rental growth’
12 August 2013 07:22
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Warrington-based healthcare property investor and developer Assura Group delivered an upbeat interim management statement for the period from 1 April to 9 August 2013.
Assura said average rent increased by 2.71% in the financial year to date after settling 47 rent reviews. The group's rent roll is now £36.4m, compared to £35.9m in March 2013.
Four assets have been sold in the financial year to date for £2.8m.
Graham Roberts, chief executive, commented: "I am pleased to report continued healthy rental growth from our strong pipeline of developments and completed rent reviews. We believe there are further opportunities to add value in this market."
Shares in Assura were unchanged at 34p, valuing the business at £183m.
