Primary care property investor Assura has boosted its portfolio by 27 assets during the six months ended 30 September as it continues to grow the business.
The firm now has 625 properties across the UK, providing an annual rent of £127.5m.
Chief executive Jonathan Murphy said: “Assura has been extremely active so far this financial year. We have made good progress with our investment and development strategy, demonstrating our capabilities and building on our market-leading position. We added 27 properties to our portfolio in the period, comprising seven new development completions and 20 acquisitions for a combined total cost of £117m, while also completing 11 disposals for cash proceeds of £15m.”
He added: “The NHS has been put under ever increasing strain by Covid, which has highlighted capacity constraints in hospitals, increased waiting lists, and exposed older buildings as inadequate for current healthcare requirements. Assura’s experience, built up through years of close engagement with the NHS, means we are well positioned to deliver the future innovative community buildings this country needs and support the NHS through key emerging trends including digitalisation, the integration of healthcare systems and mental health support. Assura is proud to have invested over £1bn into primary care properties since April 2017 and currently have a record development pipeline totalling £480m.”
The firm said it had an “immediate acquisitions” pipeline of some £102m, which it expected to complete on over the next three to six months.
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