Assura PLC Acquisition update (0553D)

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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."

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For more information, please contact:

 
 
  Assura plc       Tel: [phone] 
Jonathan Murphy 
 Jayne Cottam 
 Orla Ball 
 
  Edelman          Tel: [phone] 
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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October 05, 2018 02:00 ET (06:00 GMT)