Assura Group Limited Acquisition of a medical centre for £10.1 million (0193A)
December 17 2014 - 5:16AM
UK Regulatory
TIDMAGR
RNS Number : 0193A
Assura Group Limited
17 December 2014
17 December 2014
Assura Group Limited
Acquisition of a medical centre for GBP10.1 million
Assura Group Limited ("Assura"), the leading primary care
property investor and developer is pleased to announce that it has
acquired the Church View Health Centre, South Kirkby. This 2,513
m(2) property is leased to a GP practice, a pharmacy, and an
optician and accommodates community based services including
maternity, diabetes screening and minor surgery.
The asset has been acquired for GBP10.1 million with passing
rent of GBP0.53 million, which equates to a yield of 5.2%. The
property is let on full repairing and insuring leases with 23.5
years remaining and annual RPI increases with a minimum uplift of
2.5%.
Following the transaction Assura now owns 251 medical centres
and has a contracted rent roll of GBP54.2 million.
- Ends -
For more information, please contact:
Assura Group Limited Tel: 01925 420660
Graham Roberts
Jonathan Murphy
Carolyn Jones
Finsbury Tel: 0207 251 3801
Gordon Simpson
Notes to Editors
Assura Group is a long-term investor in and developer of primary
care property. The company, headquartered in Warrington and listed
on the London Stock Exchange, works with GPs, health professionals
and the NHS to create innovative property solutions in order to
facilitate delivery of high quality patient care in the community.
At 30 September 2014, Assura Group's property portfolio was valued
at GBP809m.
Further information is available at www.assuragroup.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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