Partner Article

Warrington healthcare property investors increase rents to £41 million

Warrington-based healthcare property investors and developers Assura Group have increased their rent roll by £1 million since September last year, to £41 million.

The firm, which has recently completed developments in the North East and the Midlands, has increased annual rents by 2.19%.

Sales of three Local Improvement Financial Trust (LIFT) schemes added £10.5 million to Assura’s book value after costs.

The firm are currently looking for a supermarket partner to develop land in Scarborough that is available.

Graham Roberts, the firm’s chief executive, said: “The recent completion of the sale of our interests in several LIFT schemes has provided us with a boost to our net asset value of 2 pence per share and gross proceeds of over £22 million for us to re-invest into primary care property.

“We remain ideally positioned to support GPs in providing the premises to meet the increasing demands being placed on the primary care sector.”

This was posted in Bdaily's Members' News section by Tom Keighley .