Assura: ‘no impact from Brexit’
Primary care investor Assura bought 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 paid £65.4m for the medical centres, which added £4.1m to the annual rent roll.
Recession ‘unlikely’ says PwC
The UK is likely to avoid a recession, according to PwC. With markets stabilising after a post-Brexit slump, the firm said it would be unlikely that the UK would have two successive quarters of negative growth. Although house price growth could fall to 1% in 2017, analysts at the firm dismissed the chances of a major crash.
Regional REIT posts value rise
Regional REIT has reported a portfolio valuation rise of 1.8% to £501.3m, up from the 31 December 2015 valuation of £403.7m, and a 7.7% increase on the 30 June 2015 valuation. During the first half of 2016, the group completed property acquisitions valued at £131.1m, along with disposals of £41.2m.
