19th Jul 2016 06:46
LONDON (Alliance News) - Healthcare property investor Assura PLC on Tuesday said it has continued to make good progress on its strategy and said it has seen no direct impact thus far from the UK's vote to leave the European Union.
Assura said it completed the acquisition of 30 medical centres in its financial first quarter to the end of June for a total of GBP65.4 million, adding GBP4.1 million to its rent roll. Its pipeline of further acquisitions and developments currently stands at GBP105.0 million, it added.
The group said it now owns 351 medical centres with a total annualised rent of GBP68.4 million.
So far, Assura said it has seen no direct impact from Brexit but acknowledged the result could create both political and economic uncertainty in the UK, which may hit investment in primary care infrastructure in the country.
However, Assura said the need for the UK to invest in primary care facilities is recognised as a priority by the National Health Service.
"We have had another active quarter as we continue our strong growth. Our greater financial flexibility positions us well, while our investment strategy is continuing to generate value. Assura is increasingly well positioned to help the NHS develop the modern and effective primary care infrastructure that is so necessary for this country," said Assura Executive Chairman Simon Laffin.
By Sam Unsted; [email protected]; @SamUAtAlliance
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