Assura's portfolio was valued at £994m at the end of August and includes many newly developed surgeries such as this one in Harlech
Assura's portfolio was valued at £994m at the end of August and includes many newly developed surgeries such as this one in Harlech

Rent levels up for Assura

The Warrington-based primary care property investor developer has announced a £6.8m increase in rent since March 2014, due to the acquisition of £119m of new property in the last two months.

Assura's passing rent roll is now £48.9m, up from £41.8m in March.

In its interim management statement for the period from 1 April to 30 July, Assura said that it had seen an 18% growth in investment property from acquisitions since the year-end.

In June, Assura bought a portfolio of 28 medical centres from MP Realty Holdings Group for £107m, which included the assumption of associated debt of £85.5m. In July, Assura acquired a fully let medical centre in Middlesbrough for £12.3m.

Assura is currently on site at four developments in Market Weighton, Lanchester, Sudbury and Blaenavon, with a combined value on completion of £19.3m.

As of March 2014, Assura's property portfolio was valued at £668m.

Graham Roberts, chief executive of Assura, said: "The group has continued its strong progress into this financial year. We have an exciting development programme, have added to our strong portfolio, and now have a passing rent roll of £48.9m. We remain dedicated to delivering the high quality primary care space that this country increasingly needs."

The Assura share price remained stable this morning at 44p.

Your Comments

Subscribe to our newsletter