Assura completes £105m in acquisitions during Q3

Primary care property investor Assura said it had completed £105m in acquisitions during the third quarter using proceeds from its November fundraising.

The company on Monday said it had an Immediate development pipeline of 22 schemes, where it expected to be on site within 12 months, totalling a further £166m, up from £145m in the previous three months.

Assura in November launched a £190m placing to fund acquisitions.

Chief executive Jonathan Murphy said the company had provided its premises as major hubs for Covid vaccinations and booster jabs during the pandemic.

He added that the urgent need “for high-quality primary care capacity to support the significant effort required to address the backlog from the pandemic will be in even sharper focus in the coming months”.