Assura eyes £200m of disposals

Healthcare-focused REIT Assura is lining up a further £200m of disposals after sealing its latest deals. The company has just sold 12 assets for cash £25m, in line with book value, with the proceeds earmarked for a partial repayment of its revolving credit facility. Assura is now in discussions on further sales with an aggregate value of £110m, a mixture of portfolio disposals and assets for transfer into a joint venture. A further pipeline of 27 assets valued at £90m has been identified for sale. Chief executive Jonathan Murphy said: “Our £500m private hospital portfolio acquisition in August 2024 was an important strategic step for Assura becoming a diversified healthcare REIT capitalising on the significant opportunity in the structurally-supported private hospital market. The progress on our disposal programme is an important next step in delivering our commitment to reduce leverage following the acquisition.”