Primary care property investor Assura has bought £105m of assets in the last quarter and is on site with £97m of developments.
In a trading update for its third quarter, ending on 31 December, chief executive Jonathan Murphy said that it had “swiftly deployed the proceeds” of its £190m November equity placing.
Assura now has a total of 14 developments in hand, up from 12 worth £72m in September.
Following the purchase of nine more assets in the last three months, its portfolio now stands at 634 properties with a rent roll of £132.5m.
It added that its development and acquisition pipelines provide “significant growth opportunities”, with an immediate development pipeline of 22 schemes on site within 12 months, totalling a further £166m.
It also has £71m of acquisitions in legal hands, which it expects to complete in the first half of the year.
It currently has debts of £957m, with a weighted average interest rate of 2.3%.
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