3rd Nov 2014 08:00
LONDON (Alliance News) - Healthcare property developer Assura Group Ltd said Monday that it had added four medical centres to its portfolio, acquisition a centre in Wellington for GBP1.8 million, and completing development of three further centres with a combined value of GBP11.0 million.
Assura completed development of three medical centres in Lanchester, Market Weighton and Blaenavon. The developments have a weighted average un-expired lease term of 24.5 years, with rents contacted under the leases of GBP660,000.
The Wellington centre has a 30 year lease, and a rental yield of 6.3%.
This takes its portfolio of medical centres to 236, with a contracted rent roll of GBP49.5 million.
"The three developments and acquisition are each fully integrated facilities, incorporating a wide range of services to meet the needs of their respective local communities," said Chief Executive Graham Roberts in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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