Forward Funding and Acquisition Update
12 Jan 2015

Assura Group Limited, the UK’s leading primary care property investor and developer, today confirms that development has commenced at the Ashby de la Zouch Medical Centre. This is contracted via a forward purchase and funding agreement with the vendors of Metro and will provide a 1,760m2 modern community health centre. The £4.8 million investment is due to be completed by January 2016.

The property will house two occupiers, a GP practice and pharmacy. The tenants have signed Agreements for Lease for 25 years from completion.

This is the second of the four further schemes, as announced on 6 November and follows completion of the Kidderminster agreement on 3 December 2014.

Additionally Assura can announce two further acquisitions at Trellech and Wetherby. The two properties have been acquired for a total cost of £3.5 million with a combined rent roll of £0.21 million. The remaining unexpired lease terms are 17.5 years and 24.6 years respectively with a combined yield of 6%.

Assura owns 254 medical centres and has a contracted rent roll of £54.9 million.