Primary care developer Assura in sale of investments

Assura Group, leading primary care property developer based in Warrington, announced that it has exchanged contracts to sell the equity and loan note investments it holds in seven LIFT companies for a combined consideration of £22.4 million.

It is anticipated that the acquisitions will be completed before the financial year-end.

Bilfinger Berger Global Infrastructure have acquired the equity and subordinated debt interests in two existing projects, the Liverpool & Sefton Clinics and North London Estates Partnerships (formerly known as Barnet & Haringey Clinics), as well as one in the pipelin, Mersey Care Mental Health Hospital. This comes to a total of £9.1 million.

Graham Roberts, CEO commented: “Following this sale announced today, we have now realised more than £30 m from our non-core assets and LIFT investments in the last 18 months, as we to continue to increase our focus on developing, owning and managing primary care properties.