Assura makes 'good progress' YTD
Assura
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17:15 18/09/24
Property firm Assura said on Tuesday that it had been "extremely active" year-to-date as it made "good progress" with its investment and development strategy.
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Assura stated it had added 27 properties to its portfolio in the period, comprising seven new development completions and 20 acquisitions for a combined total cost of £117.0m, while also completing 11 disposals for cash proceeds of £15.0m.
The FTSE 250-listed firm said it had an immediate development pipeline of 20 schemes, totalling a further £145.0m, up from £111.0m in March, while its extended development pipeline came to £263.0m.
Assura also said it was in a "robust financial position", with net debt of £1.01bn on 30 September and the issue of a 12-year 1.625% £300.0m sustainability bond in June.
As of 0915 BST, Assura shares were up 1.05% at 72.50p.