16th Sep 2020 08:33
(Alliance News) - Primary care property investor Assura PLC on Wednesday said that it has completed five schemes year-to-date and is working on a further six schemes currently, increasing the total number of schemes currently on site to 16 at a cost of GBP83 million.
"The group has a strong pipeline of opportunities, with the immediate pipeline currently standing at 17 schemes, total cost GBP76 million, where we would expect to be on site in the next 12 months," the FTSE 250-listed company said.
This strong development pipeline is driven by an experienced and specialist in-house team, Assura said, and the company's commitment to create the outstanding spaces for health services that are so urgently needed.
In July, Assura had highlighted a strong pipeline including 45 lease re-gears covering GBP5.6 million of existing rent roll, GBP60 million of schemes expected to be on-site within 12 months, and 18 developments currently onsite worth a total of GBP95 million. Its immediate acquisitions pipeline stood at GBP51 million - normally expected to complete in three to six months.
Shares in Assura were up 0.5% at 78.70 pence each in London on Wednesday morning.
By Tapan Panchal; [email protected]
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