Assura PLC Acquisition update (0553D)
October 05 2018 - 2:00AM
UK Regulatory
TIDMAGR
RNS Number : 0553D
Assura PLC
05 October 2018
5 October 2018
Assura plc
Acquisitions update
Further GBP50 million deployed since half year
Assura is pleased to announce the completion of a further three
acquisitions for a combined consideration of GBP50 million. This
takes the year to date spend on additions to GBP158 million
comprising 42 medical centres (including two developments) with a
passing rent roll of GBP7.7 million and a weighted average
unexpired lease term of 14.2 years.
The acquisitions include Stratford Healthcare Centre in
Stratford-upon-Avon, which was acquired by way of a corporate
transaction for a property value of GBP30 million. This is one of
the largest primary healthcare facilities in the UK at almost 6,000
square metres and is a central hub for the provision of local
healthcare services. Alongside the GP surgery, it accommodates a
renal unit, pharmacy, dentist, physiotherapy centre, rehabilitation
centre, mental and sexual health services, and a café. Of the rent,
88% represents a GP or NHS tenant and 71% is index linked.
Jonathan Murphy, CEO, commented:
"We are delighted to have added three more high quality assets
to our portfolio, as we continue to deploy capital to grow our rent
roll. Stratford, which is now one of the largest properties in our
portfolio, is a great example of a medical centre acting as a hub
for the community, bringing together a range of services in a
primary healthcare setting."
- Ends -
For more information, please contact:
Assura plc Tel: 01925 420660
Jonathan Murphy
Jayne Cottam
Orla Ball
Edelman Tel: 0203 047 2546
John Kiely
Brett Jacobs
Rob Yates
Notes to Editors
Assura plc, a constituent of the FTSE 250 and the EPRA* indices,
is a UK REIT and long-term investor in and developer of primary
care property. The company, headquartered in Warrington, works with
GPs, health professionals and the NHS to create innovative property
solutions in order to facilitate delivery of high quality patient
care in the community. At 31 March 2018, Assura's property
portfolio was valued at GBP1,733 million.
Further information is available at www.assuraplc.com
*EPRA is a registered trademark of the European Public Real
Estate Association
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END
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