Primary care property investor Assura completed the acquisition of 22 medical centres for £48.8m in the final quarter of 2016.
The properties have a passing rent roll of £2.5mm and a weighted unexpired lease length of 13.8 years.
The investor has a further pipeline of individual asset acquisitions and developments currently in solicitor’s hands valued at £103m.
Assura now owns 385 medical centres with a total rent roll of £72.7m. In the none months to 31 December 2016 the weighted average annual rent increase was 1.72% on the basis of 84 rent reviews.
Interim chief executive Jonathan Murphy said: “Assura made good progress in the third quarter, completing further investment activity and delivering improved quality primary care space into the market. The long-term solution to the challenges facing the NHS is widely agreed to include more healthcare being provided in the primary care sector, by GPs. This in turn will require investment in GP premises. We are pleased that the government has shown its support for this by the ETTF. Firm timetables and funding to turn these plans into reality are now essential if the benefits to the NHS are to be achieved within the five-year timeframe of the GP Forward View.”
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