Assura PLC Completion of 100th development (3005E)
June 29 2023 - 2:00AM
UK Regulatory
TIDMAGR
RNS Number : 3005E
Assura PLC
29 June 2023
29 June 2023
Assura plc
Completion of 100(th) development
Assura plc ("Assura"), the leading primary care property
investor and developer, today announces the practical completion of
its 100(th) development - Prestbury Medical Centre in Wolverhampton
- as it marks two decades of developing healthcare infrastructure
in the UK.
Jonathan Murphy, CEO, said:
"We are proud to have supported the delivery of health care for
two decades, creating high-quality premises that serve the needs of
health professionals and patients in a primary care setting and
generating value for shareholders.
"The new Prestbury Medical Centre in Wolverhampton will provide
an essential new home for two relocating GP practices, serving a
growing patient list of over 14,500 people and allow additional
health services to be moved out of hospital into a community
setting. We are pleased to have again worked with Medcentres to
deliver this much-needed community facility and that our funding
approach has allowed further sustainability enhancements to be made
for the benefit of the GPs, health professionals and patients that
will use the building.
"As the leading developer in our sector, we have now completed
100 buildings over the course of our 20-year history - delivering
modern, fit-for-purpose facilities which are vital for the
long-term delivery of community health services that ease the
pressures currently being faced by the NHS."
Prestbury Medical Centre, Wolverhampton
The GBP6 million forward-funded scheme accommodates the health
needs of a growing local population, providing state-of-the-art,
modern premises for over 14,500 patients. It sees two local
surgeries relocating from previous premises that were not fit for
purpose and, alongside facilitating critical GP services, will
allow the provision of additional training capacity, a greater
range of community and out-of-hospital services as well as
incorporating a telehealth hub to support digital health care
delivery.
In line with Assura's sustainability strategy, the building has
been designed to achieve BREEAM "Excellent" certification
("Outstanding" for energy efficiency) and an EPC rating of "A".
These ratings have been achieved through delivering an energy
solution incorporating air source heat pumps, EV charging points
and use of natural ventilation, as well as 70 m(2) of photo-voltaic
("PV") panels.
Interiors also reflect the "Designing for Everyone" toolkit
launched by Assura in 2022, which seeks to support GP practices in
improving their build environments for people with disabilities and
conditions such as dementia, neurodiversity and anxiety.
The building, developed under a forward-funding agreement with
Medcentres PLC, is 100% let to the GPs on a 25-year lease with open
market rent reviews every three years and is a priority project for
the NHS Black Country Integrated Care Board.
- ENDS -
Assura plc Tel: 01925 945354
David Purcell, Investor Relations E mail: Investor@assura.co.uk
Director
FGS Global Tel: 0207 251 3801
Gordon Simpson Email: Assura@fgsglobal.com
James Thompson
Notes to Editors
Assura plc is a national healthcare premises specialist and UK
REIT based in Warrington, UK - caring for more than 600 primary
healthcare buildings, from which over six million patients are
served.
A constituent of the FTSE 250 and the EPRA* indices, as at 31
March 2023, Assura's portfolio was valued at GBP2.7 billion.
At Assura, we BUILD for health. Assura builds better spaces for
people and places, invests in skills and inspires new ways of
working, and unlocks the power of design and innovation to deliver
lasting impact for communities - aiming for six million people to
have benefitted from improvements to and through its healthcare
buildings by 2026.
Assura is leading for a sustainable future, targeting net zero
carbon across its portfolio by 2040.
Further information is available at www.assuraplc.com
*EPRA is a registered trademark of the European Public Real
Estate Association.
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END
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