Assura has raised £330m in a new share issuance to help fund a pipeline of acquisitions and pay down debt.
The real estate healthcare specialist raised the proceeds at a price per share of 57p, and will use it to fund a £209m pipeline, consisting of £126m of new acquisitions and £83m of developments.
It will use a further £91m to refinance £211.7m of debt with Aviva that carries a 5.4% interest rate and has £55m of break costs. A further £36m will be used to repay debt.
Jonathan Murphy, chief executive, said: “We are pleased with the investor support for this fundraising which was oversubscribed with strong support from shareholders.
“This allows Assura to continue investing in the primary health care estate of the future and positions us at the forefront of this opportunity.”
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