Assura sells assets for £64m gross

(Sharecast News) - Diversified healthcare REIT Assura said it had sold seven assets for £64m. The net proceeds will be used to cut debt used to finance the £500m private hospital portfolio acquired in August 2024 at 5.9% yield on cost, Assura said on Monday.

The latest disposals mean that since the start of the financial year, the company has sold 30 assets for gross proceeds of £200m at a weighted average net initial yield of 4.8%.

Reporting by Frank Prenesti for Sharecast.com