Assura Group Limited Acquisition of three medical centres for £11.5m (8058Z)
December 15 2014 - 10:12AM
UK Regulatory
TIDMAGR
RNS Number : 8058Z
Assura Group Limited
15 December 2014
16 December 2014
Assura Group Limited
Acquisition of three medical centres for GBP11.5m
Assura Group Limited ("Assura"), the leading primary care
property investor and developer is pleased to announce that it has
acquired three primary care medical centres in Dronfield, Lambeth
and Taunton for GBP11.5 million adding GBP0.68 million to the
current rent roll.
Assura has acquired the Dronfield Medical Centre, Derbyshire.
The property is leased to a GP practice, Derbyshire CCG and a
pharmacy. The asset has been acquired for GBP3.75 million with
passing rent of GBP0.21 million, which equates to a yield of 5.6%.
The property is let on full repairing and insuring leases with a
weighted average of 17.5 years remaining.
Assura has purchased the Elmcourt Health Centre in Lambeth
comprising a GP practice, a pharmacy and community space leased to
the NHS. The leases have a weighted average of 14.5 years remaining
and have a combined rent roll of GBP0.36 million. The property has
been bought for GBP6.0 million producing a yield of 6.0%.
Finally, Assura has also acquired a medical centre in Taunton,
Somerset for GBP1.75 million which has a passing rent of GBP0.11
million equating to yield of 6.3%. The property houses a GP surgery
and has 12.5 years remaining on the lease.
Following the transactions Assura now owns 250 medical centres
and has a contracted rent roll of GBP53.6 million.
- Ends -
For more information, please contact:
Assura Group Limited Tel: 01925 420660
Graham Roberts
Jonathan Murphy
Carolyn Jones
RLM 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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