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Trading statements

Assura continues to make good progress

18 July 2017 09:40

Assura said it continued to make good progress in the first quarter, completing the acquisition of 24 medical centres for a gross consideration of £48.9m with an aggregate passing rent roll of £2.5m and a weighted average unexpired lease length of 13.1 years.

Assura said it had a further pipeline of individual asset acquisitions and developments currently in solicitors' hands worth approximately £146 million, of which £76 million represented acquisitions and £70 million were developments.

Chief executive Jonathan Murphy said: "We were pleased with the investor support for our recent equity issue, which was significantly oversubscribed, and this allows us to build on our leading position in the sector by taking advantage of the opportunities in the market while also maintaining a strong balance sheet.

"Despite the uncertain political landscape there remains support across the UK political spectrum for further investment in primary care premises, and Assura is well placed to help plans become reality in a market that is in critical need of investment."

At 9:40am: (LON:AGR) Assura Group Ltd share price was -0.15p at 62.3p

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