Assura confident in full-year outlook following 'very active' first year
Source - SMW
Assura said it remained ’confident’ in its outlook for the year after a ‘very active’ first half of the year saw the primary care property investor strengthened its market position with the acquisition of GPI.
The company said its current portfolio stood at 560 properties, after completing nine acquisitions in the first half of the year at a cost of £34.3m and selling 14 for £18m.
The total immediate pipeline, including on site developments, was worth £206m at the first half, up from £142m at year end.
Rent roll continued as the company saw 13 leases renewed on £0.9m of rent, adding weighted average of 8.5 years weighted average unexpired lease (WAULT) to those leases.
Results for the six months ended 30 Sep would be announced on 12 Nov.