Primary care investor Assura acquired 30 medical centres in the first three months of its financial year and has a further £105m of acquisitions and developments in solicitors’ hands.
The Warrington-based investor and developer said in a trading update that it paid a total of £65.4m for the medical centres, which added £4.1m to the rent roll.
Assura said it had seen “no direct impact to date” from the EU referendum, but recognised that potential economic and political uncertainty could affect investment in primary care infrastructure.
However, it said the NHS recognised the need for investment in primary care property as a priority, with more services being provided to meet the needs of the ageing population.
Assura now owns 351 medical centres with a total annual rent roll of £68.4m.
More than £300,000 in new lettings were secured in the first quarter to 30 June.
In May, Assura secured a £200m credit facility on an unsecured basis to replace the existing facility. Undrawn facilities currently stand in excess of £115m.
At 30 June 2016, Assura’s loans stood at £411.9m, with a weighted average cost of debt of 4.6% (31 March 2016: 4.8%) and a weighted average debt maturity of 10.2 years.
Shares in Assura opened at 57p on Tuesday, valuing the company at £933m.
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