6th Jul 2021 09:23
(Alliance News) - Assura PLC on Tuesday said it added 12 new properties to its portfolio in the first quarter of financial 2022, as the company continues to advance its development and acquisition pipeline.
The Warrington, England-based primary care property investor and developer said it added 12 assets worth GBP53 million and disposed of 11 mature assets for GBP15 million in the first quarter ended June 30.
The FTSE 250-listed firm said its "growing portfolio" of 610 properties drew annual rent of GBP123.5 million as at June 30.
Assura's net debt stood at GBP954 million, with undrawn facilities of GBP205 million at the end of June.
Also in June, the company announced a GBP300 million sustainability bond to fund eligible green and social projects.
The medical centre developer said it is currently on-site at 17 locations with an overall cost of GBP99 million, up from 16 locations costing GBP72 million in March.
Assura moved on site at two development schemes in the first quarter, including the West Midlands Ambulance Hub announced in June 2021.
With these developments ongoing, the company noted plans to continue with its development and acquisition pipeline.
In the next 12 months, the property business expects to be on-site at 19 schemes in its immediate development pipeline, worth an additional GBP121 million, compared to 17 schemes worth GBP111 million in March.
The company's immediate acquisitions pipeline - for completion in three to six months - stood at GBP58 million at the end of June, up from GBP46 million in March.
Shares in Assura were trading up 0.5% at 75.58 pence each in London on Tuesday morning.
By Scarlett Butler; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Assura