UK healthcare REIT Assura has completed the sale of 12 assets for cash proceeds of £25 mln (€30 mln) and said it is also in discussions to sell another £110 mln worth of properties.
Proceeds from the sale will be used to repay the Group's revolving credit facility.
The company first announced plans to sell the assets in August when it completed a £500 mln private hospital portfolio acquisition.
In addition, a further pipeline of 27 assets with an aggregate value of £90 mln that meet the Company's disposal criteria has been identified and preliminary work on the possible disposal of these assets has commenced, Assura added.
Jonathan Murphy, CEO, said: 'Our £500 mln private hospital portfolio acquisition in August 2024 was an important strategic step for Assura becoming a diversified healthcare REIT capitalising on the significant opportunity in the structurally-supported private hospital market. The progress on our disposal programme is an important next step in delivering our commitment to reduce leverage following the acquisition.'
