Sale of LIFT Investments

RNS Number : 4173Y

Assura Group Limited

24 January 2014

 



24 January 2014

Assura Group Limited

Sale of LIFT Investments

Assura Group Limited ("Assura"), a UK REIT⁽¹⁾and the leading primary care property investor and developer, confirms that, further to the announcement on 25 November 2013 regarding the sale of its investment in 7 LIFT⁽²⁾ schemes it has now completed the sale of 4 of those investments.

The gross consideration for these 4 investments is £13.3 million, representing an uplift over the September book value of £7.9 million after costs, equivalent to 1.5 pence per share.

The sale process for the interests in the other three LIFT schemes for gross consideration of £9.1m is on track to complete before the financial year-end and when completed will add a further £2.7 million after costs or 0.5 pence per share to net assets.

- Ends -

Note

(1): Real Estate Investment Trust

(2): Local Improvement Finance Trusts

For more information, please contact:

Assura Group Limited	Tel: [phone]
Graham Roberts Jonathan Murphy Carolyn Jones
Liberum Capital Limited Peter Tracey Jamie Richards	Tel: [phone]
Oriel Securities Limited	Tel: [phone]
Mark Young Roger Clarke
RLM Finsbury	Tel: [phone]
Gordon Simpson

Notes to Editors

Assura Group is a long-term investor in and developer of primary care property. The company, headquartered in Warrington and listed on the London Stock Exchange, works with GPs, health professionals and the NHS to create innovative property solutions in order to facilitate delivery of high quality patient care in the community. At 30 September 2013, Assura Group's property portfolio was valued at £651 million.

Further information is available at www.assuragroup.co.uk

 

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