Primary care real estate investor Assura has reported a record year for development as its chief executive positions the company to relieve pressure on the NHS during the next stage of the Covid-19 pandemic.
The company said in its results for the year to 31 March that it completed 12 projects during the year and now has a further 13 on-site. In February it bought the development pipeline and team of Apollo Capital Projects Development.
Chief executive Jonathan Murphy said: “Well-designed and located community healthcare spaces that meet the ever-changing requirements of GPs and their patients will play an essential role in reducing pressure on hospitals and the wider health service.
“With our largest ever development pipeline and deep understanding of the NHS, we are well-placed to continue delivering such space and to support it through key emerging trends including digitalisation, the integration of healthcare systems and mental health support.”
The company posted a 37% rise in pretax profit to £108.3m for the year, with EPRA earnings rising by 12% to £75.4m. The value of the 609-site portfolio increased by 15% to £2.4bn.
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