By Michael Susin
Assura said performance for the first half of fiscal 2024 has been robust as it continued to focus on strategic expansion areas.
The U.K. primary-care property investor and developer said on Monday that it has made several attractive portfolio additions, including the completion of a hospital in Kettering for Ramsay Health Care and the acquisition of an undisclosed asset in Ireland with the potential of a significant asset enhancement.
The company said its portfolio of 612 properties has an annualized rent roll of 146.9 million pounds ($179.8 million). This compares with the 603 properties portfolio and annualized rent toll of GBP139.3 million reported for the same period a year ago.
“In addition, we made good operational progress in the period. We settled 152 rent reviews to generate an uplift of GBP1.5 million,” it added.
In a separate statement, the company announced that it has refinanced its revolving credit facility, increasing to GBP200 million from GBP125 million, reducing the overall cost and adding sustainability-linked targets.
The facility matures in October 2026 and has the option for further extension.
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