<h1>Assura Expands Primary Care Property Portfolio as Rents Approach £150m</h1>
<p>Assura, a leading primary care property developer, has achieved impressive financial performance in the first half of the year. The company expanded its portfolio and experienced significant growth in rental income. Over the six-month period ending on September 30th, Assura’s portfolio grew to 612 properties, with an annualised rent roll of £146.9 million. During this period, Assura also completed two developments, Kettering and Wolverhampton, and made an acquisition in Ireland with the potential for a major asset enhancement project. Jonathan Murphy, CEO of Assura, expressed his satisfaction with the company’s strong financial performance and disciplined activity.</p>
<p>According to Murphy, Assura has focused on strategic expansion to unlock value through attractive portfolio additions. Notable achievements include the completion of a state-of-the-art day case hospital in Kettering for Ramsay Healthcare, the commencement of an ambulance hub construction project in Bury St Edmunds for the local NHS Trust, which is designed to be carbon neutral, and the acquisition of another high-quality asset in Ireland with significant potential for asset enhancement. Assura has also successfully completed five asset enhancement capital projects with a total expenditure of £3.3 million.</p>
<p>During the quarter, Assura settled 152 rent reviews, resulting in a £1.5 million uplift on £19 million of existing rent. Murphy highlighted the good operational progress made in the period and announced the refinancing of the company’s revolving credit facility, which has led to an increase in facility size, reduced costs, and the inclusion of sustainability-linked key performance indicators. Assura remains optimistic about the growing demand for high-quality healthcare buildings in community settings. With its strong market position, sustainable balance sheet, and pipeline of growth opportunities, the company is committed to delivering on its proven strategy.</p>
<p>As of Monday morning, Assura shares are down 1.24% to 41.38p. </p>
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