Assura makes 'strong' progress in Q3
Primary care property investor Assura told investors on Monday that it had continued to make "strong progress" during the third quarter.
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Assura, which grew its portfolio to 563 properties during the three months ended 31 December, completed development work at Stow-on-the-Wold during the period and remained on-site with 13 developments with a total development cost of £66m.
Six acquisitions were completed at a cost of £31.1m, while four disposals were made for cash proceeds of £1m.
Assura's total immediate pipeline, including on-site developments, increased to £252m from £206m, while the group's annualised rent roll came in at £105.8m, taking account of additions, disposals and rent reviews.
Chief executive Jonathan Murphy said: "We expanded our market-leading portfolio with the acquisition of six high-quality assets and completed our third development of the year in Stow-on-the-Wold.
"We also grew our immediate pipeline of acquisition and development opportunities, reinforcing what was already our strongest in 10 years, to £252m including 13 developments currently on site."
At 0900 GMT, Assura shares were up 0.27% at 75.60p.